Statements (26)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:economic_policy
|
| gptkbp:alsoKnownAs |
Pareto optimality
|
| gptkbp:appliesTo |
welfare economics
resource allocation multi-objective optimization |
| gptkbp:category |
welfare economics
microeconomics |
| gptkbp:contrastsWith |
gptkb:Kaldor-Hicks_efficiency
gptkb:Pareto_improvement |
| gptkbp:defines |
an allocation is Pareto efficient if no individual can be made better off without making someone else worse off
|
| gptkbp:field |
economics
game theory |
| gptkbp:firstDescribed |
1906
|
| https://www.w3.org/2000/01/rdf-schema#label |
Pareto efficiency
|
| gptkbp:namedAfter |
gptkb:Vilfredo_Pareto
|
| gptkbp:relatedConcept |
equilibrium
efficiency (economics) social welfare function |
| gptkbp:usedIn |
public policy analysis
market analysis mechanism design |
| gptkbp:bfsParent |
gptkb:Nash_equilibrium
gptkb:The_Bargaining_Problem gptkb:Game_theory gptkb:Vilfredo_Pareto |
| gptkbp:bfsLayer |
5
|