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Pareto improvement
Reference material by Wiktionary contributors. This retains its source identity and is not 411 news reporting.
Pareto-improvement
English
Pareto efficiency
Alternative forms
en Pareto-improvement
Etymology
Named after Vilfredo Pareto.
Noun
Pareto improvement
en game theory economics A change in the allocation of a resource to a set of individuals that is an improvement for at least one and no worse for any other.
See also
en Kaldor-Hicks improvement Pareto efficient Pareto optimal
en eponyms