Glossary of economics research
Results of search for Pareto Optimal follow:
Pareto optimal:
In an endowment economy, an allocation of goods to agents is Pareto Optimal if
no other allocation of the same goods would be preferred by every agent.
Pareto optimal is sometimes abbreviated as PO.
Optimal is the descriptive adjective, whereas optimum is a noun.
A Pareto optimal allocation is one that is a Pareto optimum. There may be
only one such optimum.
Contexts: models
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