Pareto efficient

See also: Pareto-efficient

English

Adjective

Pareto efficient (comparative more Pareto efficient, superlative most Pareto efficient)

1. (game theory, economics) Describing a situation in which the profit of one party cannot be increased without reducing the profit of another.

Usage notes

This term can also be used to compare situations such that the situation in which fewer such improvements can be made is considered more Pareto efficient.

Synonyms

• Pareto optimal

Derived terms

• Pareto efficiency

See also

• Pareto improvement