pareto efficiency in cost-benefit analysis
Pareto efficiency in cost-benefit analysis refers to a situation where the allocation of resources is considered optimal if no one can be made better off without making someone else worse off, allowing for the maximum net benefit to society.
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Similar Concepts
- cost-benefit analysis
- cost-benefit ratio
- pareto criterion
- pareto efficiency in decision making
- pareto efficiency in economics
- pareto efficiency in engineering
- pareto efficiency in environmental economics
- pareto efficiency in game theory
- pareto efficiency in market equilibrium
- pareto efficiency in public policy
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- pareto efficiency in social welfare
- pareto efficiency in trade-offs
- pareto improvement
- pareto optimal allocation