Pareto efficiency: Difference between revisions
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imported>Daniel Mietchen (lemma) |
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Latest revision as of 17:10, 20 January 2010
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Pareto efficiency [r]: A Pareto-efficient situation is defined as one from which no change could benefit anyone without harming someone else, and the Pareto criterion for the assessment of a change requires that someone must gain from it and no-one most lose. [e]
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