This entry explains the notion of Pareto optimality (after Vilfredo Pareto [1848–1923], the Italian economist, sociologist, and engineer), the normativity of Pareto-optimal outcomes, the function of economic actors' revealed preferences, and the role of Pareto optimality in ...

  • Loading...
locked icon

Sign in to access this content

Get a 30 day FREE TRIAL

  • Watch videos from a variety of sources bringing classroom topics to life
  • Read modern, diverse business cases
  • Explore hundreds of books and reference titles