Pareto improvement

See also: Pareto-improvement

English

Alternative forms

• Pareto-improvement

Etymology

Named after Vilfredo Pareto.

Noun

Pareto improvement (plural Pareto improvements)

1. (game theory, economics) A change in the allocation of a resource to a set of individuals that is an improvement for at least one and no worse for any other.

See also

• Kaldor-Hicks improvement
• Pareto efficient
• Pareto optimal