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Longer titles found: Ordinal Pareto efficiency (view), Fractional Pareto efficiency (view)

searching for Pareto efficiency 22 found (174 total)

Pecuniary externality (518 words) [view diff] exact match in snippet view article find links to article

incomplete or constrained, then pecuniary externalities are relevant for Pareto efficiency. The reason is that under incomplete markets, the relative marginal

Utilitarian cake-cutting (2,256 words) [view diff] no match in snippet view article find links to article

characterization is based on the following properties of a division rule R: Pareto-efficiency (PE): the rule R returns only divisions which are Pareto-efficient

Group envy-freeness (1,133 words) [view diff] no match in snippet view article find links to article

envy-freeness. By this definition, group-envy-freeness does not imply Pareto-efficiency. They define an allocation X as k-group-Pareto-efficient (GPEk) if

Tax policy (3,746 words) [view diff] exact match in snippet view article find links to article

provisions. Efficiency for economists is equal to the concept of Pareto efficiency. Pareto efficiency means the situation of resource allocation where the concept

Fundamental theorems of welfare economics (5,583 words) [view diff] exact match in snippet view article find links to article

implication is that any desired Pareto optimal outcome can be supported; Pareto efficiency can be achieved with any redistribution of initial wealth. However

Simultaneous eating algorithm (2,902 words) [view diff] no match in snippet view article find links to article

SE allocation satisfies SD-efficiency - a weak ordinal variant of Pareto-efficiency (it means that the allocation is Pareto-efficient for at least one

Random priority item allocation (952 words) [view diff] no match in snippet view article find links to article

weaker than ex-post envy-freeness, but ex-ante Pareto-efficiency is stronger than ex-post Pareto-efficiency). As an example, suppose there are three agents

List of things named after Thomas Bayes (988 words) [view diff] exact match in snippet view article find links to article

econometrics – Branch of econometrics Bayesian efficiency – Analog of Pareto efficiency for situations with incomplete information Bayesian epistemology –

Enrico Barone (576 words) [view diff] exact match in snippet view article find links to article

welfare." The latter corresponds to least-cost-price of production from Pareto efficiency reached in competitive equilibrium. He stressed that such a result

Competition (economics) (8,396 words) [view diff] exact match in snippet view article

an imperfect market will cause the market to tend towards Pareto efficiency. Pareto efficiency, named after the Italian economist and political scientist

Goal programming (1,040 words) [view diff] exact match in snippet view article find links to article

18, 300-309 M Tamiz, SK Mirrazavi, DF Jones (1999) Extensions of Pareto efficiency analysis to integer goal programming, Omega, 27, 179-188. SI Gass

Envy-freeness (1,664 words) [view diff] no match in snippet view article find links to article

The challenge, from an economic perspective, is to combine it with Pareto-efficiency. The challenge was first defined by David Schmeidler and Menahem Yaari

Decreasing Demand procedure (393 words) [view diff] no match in snippet view article find links to article

allocation - satisfies certain natural axioms when there are two agents: Pareto-efficiency; Anonymity; Envy-freeness-if-possible; Monotonicity w.r.t. changes

Egalitarian rule (933 words) [view diff] exact match in snippet view article find links to article

which simultaneously satisfies the following three properties:: 266 Pareto efficiency; Pigou-Dalton principle; Independence of common utility pace - if

List of unsolved problems in fair division (3,566 words) [view diff] no match in snippet view article find links to article

allocation of goods (even without Pareto-efficiency) may not exist. A PROPx allocation of bads (without Pareto-efficiency) always exists. A PROP1 and Pareto-efficient

Optimal job scheduling (3,114 words) [view diff] case mismatch in snippet view article find links to article

Spyros; Koutsoupias, Elias; Spirakis, Paul G. (eds.). "Pareto Efficiency and Approximate Pareto Efficiency in Routing and Load Balancing Games". Algorithmic

Independence of irrelevant alternatives (1,473 words) [view diff] exact match in snippet view article find links to article

score voting, and median voting all satisfy the IIA criterion and Pareto efficiency. Note that if new candidates are added to ballots without changing

Arunava Sen (3,524 words) [view diff] exact match in snippet view article find links to article

Goswami, M.P., Mitra, M. and Sen, A., 2014. Strategy proofness and Pareto efficiency in quasilinear exchange economies. Theoretical Economics, 9(2), pp

Top trading cycle (1,756 words) [view diff] exact match in snippet view article find links to article

TTC is the only mechanism that satisfies Individual rationality, Pareto efficiency and Strategy-proofness. The original TTC algorithm assumed that the

Peter Diamond (2,174 words) [view diff] exact match in snippet view article find links to article

Again, this is an application of the theory of the second best: Pareto efficiency should be restored in independent markets. The economy is not able

Fair pie-cutting (1,944 words) [view diff] exact match in snippet view article find links to article

division is better for one partner and not worse for the other. Often, Pareto efficiency is evaluated only with relation to a subset of all possible divisions

Stephen Ziliak (4,261 words) [view diff] exact match in snippet view article find links to article

(RCTs) fail every ethical code, from Smith's "impartial spectator" and Pareto efficiency to Rawls's difference principle, except possibly "vulgar utilitarianism"