Statements (22)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
Economic concept
|
| gptkbp:alsoKnownAs |
Pareto efficiency improvement
|
| gptkbp:appliesTo |
Welfare economics
Resource allocation |
| gptkbp:category |
gptkb:Microeconomics
Welfare economics |
| gptkbp:cause |
Pareto optimal allocation (if no further improvements possible)
|
| gptkbp:contrastsWith |
gptkb:Kaldor-Hicks_improvement
|
| gptkbp:criteria |
Efficiency criterion
|
| gptkbp:defines |
A change that makes at least one individual better off without making anyone else worse off
|
| gptkbp:field |
Economics
|
| https://www.w3.org/2000/01/rdf-schema#label |
Pareto improvement
|
| gptkbp:implies |
At least one person is made better off
No one is made worse off |
| gptkbp:namedAfter |
gptkb:Vilfredo_Pareto
|
| gptkbp:relatedConcept |
gptkb:Pareto_efficiency
Pareto optimality |
| gptkbp:usedIn |
gptkb:Game_theory
gptkb:Microeconomics Public policy analysis |
| gptkbp:bfsParent |
gptkb:Pareto_efficiency
|
| gptkbp:bfsLayer |
6
|