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Generalized Edgeworth–Pareto principle
Computational Mathematics and Mathematical Physics, 2015zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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2018
A social state is said to be Pareto-efficient when there is no feasible alternative to it in which at least one individual is better off while no individual is worse off. The Pareto principle tells us to move from Pareto-inefficient to Pareto-efficient states.
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A social state is said to be Pareto-efficient when there is no feasible alternative to it in which at least one individual is better off while no individual is worse off. The Pareto principle tells us to move from Pareto-inefficient to Pareto-efficient states.
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Acyclic Choice without the Pareto Principle
The Review of Economic Studies, 1984Summary: We prove some versions of the Arrow Impossibility Theorem, with the collective rationality condition weakened from transitivity to acyclicity, and the Pareto condition replaced by weaker conditions. Thus this result has weaker assumptions than versions of the Arrow Theorem which have previously appeared in the literature.
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2009
is also known as the “80:20 rule”; end of the 19th century, the Italian economist Vilfredo Pareto observed that 80% of the land was owned by 20% of the population; 20% of the peapods in his garden produced 80% of the peas, etc. and led to far-reaching theories; this principle has been applied to management as well, e.g., 80% of the time of meetings is ...
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is also known as the “80:20 rule”; end of the 19th century, the Italian economist Vilfredo Pareto observed that 80% of the land was owned by 20% of the population; 20% of the peapods in his garden produced 80% of the peas, etc. and led to far-reaching theories; this principle has been applied to management as well, e.g., 80% of the time of meetings is ...
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Random aggregation without the Pareto principle
Review of Economic Design, 2011zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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Autonomy, welfare, and the Pareto principle
SSRN Electronic Journal, 2014The Pareto principle has great intuitive appeal, but poses perplexities on closer examination. What exactly do we mean by “preferences”? Should the principle apply ex post or ex ante? Does it uphold individual autonomy, individual welfare, or both?
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Rights and the Private Pareto Principle
Economica, 1986This paper begins with a review of 'Gibbard's paradox' for rights and Gibbard's proposal for avoiding the paradox. This is followed by a theorem that identifies the pairs where rights are directly relevant (at some profile) when Gibbard's proposal is adopted.
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On Liberalism and the Pareto Principle
Journal of Political Economy, 1975Sen (1970) and Peacock and Rowley (1972) have questioned the compatibility of liberal and Paretian principles. Sen asserts that they are inconsistent: "[I]n a very basic sense liberal values conflict with the Pareto principle. If someone takes the Pareto principle seriously, as economists seem to do, then he has to face problems of consistency in ...
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2017
This chapter introduces and discusses the basic notions of decision-making in a multicriteria environment, namely, the set of feasible alternatives, the vector criterion and the preference relation of a decision-maker. Here we formulate the multicriteria choice problem. In addition, Chap.
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This chapter introduces and discusses the basic notions of decision-making in a multicriteria environment, namely, the set of feasible alternatives, the vector criterion and the preference relation of a decision-maker. Here we formulate the multicriteria choice problem. In addition, Chap.
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Monotonicity, dominance and the Pareto principle
Economics Letters, 1994Abstract We examine the implications of three similar criteria that are commonly used in welfare economics and the analysis of inequality and poverty - income dominance, monotonicity and the Pareto principle - within the context of income-distribution comparisons.
Amiel, Yoram, Cowell, Frank
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