- Pareto efficient allocation
- Pareto efficient allocation ECON Pareto-effiziente Allokation f
Englisch-Deutsch Fachwörterbuch der Wirtschaft . 2013.
Englisch-Deutsch Fachwörterbuch der Wirtschaft . 2013.
Pareto efficiency — Pareto efficiency, or Pareto optimality, is an important concept in economics with broad applications in game theory, engineering and the social sciences. The term is named after Vilfredo Pareto, an Italian economist who used the concept in his… … Wikipedia
Pareto Efficiency — An economic state where resources are allocated in the most efficient manner. Pareto efficiency is obtained when a distribution strategy exists where one party s situation cannot be improved without making another party s situation worse. Pareto… … Investment dictionary
Fundamental theorems of welfare economics — There are two fundamental theorems of welfare economics. The first states that any competitive equilibrium or Walrasian equilibrium leads to an efficient allocation of resources. The second states the converse, that any efficient allocation can… … Wikipedia
Bolzano–Weierstrass theorem — In real analysis, the Bolzano–Weierstrass theorem is a fundamental result about convergence in a finite dimensional Euclidean space R^n. The theorem states that each bounded sequence in R^n has a convergent subsequence. An equivalent formulation… … Wikipedia
Peter A. Diamond — Peter Arthur Diamond (born April 29, 1940) is an American economist known for his analysis of U.S. Social Security policy and his work as an advisor to the Advisory Council on Social Security in the late 1980s and 1990s. Education and career… … Wikipedia
Contract curve — Blue contract curve showing points of tangency of indifference curves in an Edgeworth box In microeconomics, the contract curve is the set of points, representing final allocations of two goods between two people, that could occur as a result of… … Wikipedia
Welfare economics — Economics … Wikipedia
Bayesian efficiency — addresses an appropriate economic definition of Pareto efficiency where there is incomplete information.Palfrey, Thomas R.; Srivastava, Sanjay; Postlewaite, A. (1993) [http://books.google.com/books?id=lZTls JJSxgC pg=PA14… … Wikipedia
General equilibrium — theory is a branch of theoretical microeconomics. It seeks to explain the behavior of supply, demand and prices in a whole economy with several or many markets. It is often assumed that agents are price takers and in that setting two common… … Wikipedia
Joseph E. Stiglitz — Infobox Scientist name = Joseph E. Stiglitz image size = 180px birth date = Birth date and age|1943|2|9|mf=y birth place = Gary, Indiana, U.S. nationality =United States field = Economics work places = Columbia University alma mater = MIT Amherst … Wikipedia
Multi-objective optimization — (or multi objective programming),[1][2] also known as multi criteria or multi attribute optimization, is the process of simultaneously optimizing two or more conflicting objectives subject to certain constraints. Multiobjective optimization… … Wikipedia