pareto optimal allocation
Pareto optimal allocation refers to a situation where resources are allocated in such a way that it is impossible to make any individual better off without making someone else worse off.
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Related Concepts (1)
Similar Concepts
- pareto criterion
- pareto distribution
- pareto dominance
- pareto efficiency in cost-benefit analysis
- 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
- pareto efficiency in resource allocation
- pareto efficiency in social welfare
- pareto efficiency in trade-offs
- pareto improvement