The Pareto front consists of all Pareto-efficient situations. In addition to the context of efficiency in allocation, the concept of Pareto efficiency also...

least as well off. Under Kaldor–Hicks efficiency, an improvement can in fact leave some people worse off. Pareto-improvements require making every party...

Kaldor-Hicks efficiency, a less stringent version of Pareto efficiency Allocative efficiency, the optimal distribution of goods Efficiency wages, paying...

economic efficiency, depending on the context, is usually one of the following two related concepts:[citation needed] Allocative or Pareto efficiency: any...

related to the Pareto efficiency. Mathematically, the 80/20 rule is roughly described by a power law distribution (also known as a Pareto distribution)...

Ordinal Pareto efficiency refers to several adaptations of the concept of Pareto-efficiency to settings in which the agents only express ordinal utilities...

concept of Pareto efficiency and helped develop the field of microeconomics. He was also the first to claim that income follows a Pareto distribution...

The Pareto distribution, named after the Italian civil engineer, economist, and sociologist Vilfredo Pareto, is a power-law probability distribution that...

situation as Pareto-efficient if there is no other social state that at least one person favors (or prefers) and no one disfavors. Pareto efficiency is often...

being made better or worse off. It is possible to have Pareto efficiency without allocative efficiency: in such a situation, it is impossible to reallocate...