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Results tagged with pareto-efficiency
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user 2843
An efficiency standard based on the idea that the most efficient outcomes are those where no individual can be made better-off without making at least one other worse-off.
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Pareto optimality with externalities
I feel like I do not understand the exact meaning behind the notion of
the Pareto optimality.
It's not you. There are different senses of the phrase "Pareto Optimal," and you have to figure ou …
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