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- W4251929596 abstract "Abstract A Pareto optimal allocation is one from which it is impossible to improve any party's share without diminishing the share of another party. When allocating resources, whether through a negotiation process, political process, or simply by edict, the question arises: How do you know whether the final allocation is a “good” one? Regardless of one's philosophy, a necessary condition for “goodness” with which few people would argue is Pareto optimality. One would never want to accept a non‐Pareto optimal allocation, because such an allocation could always be improved upon for at least one party–if not for all parties – without requiring any sacrifice from any other party." @default.
- W4251929596 created "2022-05-12" @default.
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- W4251929596 date "2015-01-21" @default.
- W4251929596 modified "2023-10-14" @default.
- W4251929596 title "<scp>P</scp> areto Optimality" @default.
- W4251929596 cites W1986329511 @default.
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- W4251929596 doi "https://doi.org/10.1002/9781118785317.weom020159" @default.
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