Economics, Econometrics and Finance
8 years ago

All versions of Pareto Principle proven equivalent, changing economic decision-making.

Economics Letters
Pareto principles from Inch to Ell
Kotaro Suzumura

Paper Summary

The Pareto Principle, which includes different versions like Pareto Indifference and Weak Pareto, are all actually the same under certain conditions, even when money can be used to make up for differences.

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