Hence, consumption rises for both classes of consumers; in other words, society experiences Pareto improvement
14) The source of any Pareto improvement
is identified through an intrapersonal comparison of utility (Champman, 2005).
As indicated in the following corollary, which we obtain from the proof of Theorem 4, it is sufficient for examining Pareto improvement
through solvency regulation to compare the policyholder's utility as a function of [alpha] [member of] [0, 1] along the insurer's respective level curve.
Second-best theory can be advanced to explain why particular efforts to set price equal to marginal cost might not be a Pareto improvement
in the presence of numerous instances where that equality condition is violated.
But this Pareto improvement
is barred by the nonwelfarist principle of fairness, creating the conflict between the Pareto principle and "fair" legal rules.
A Pareto improvement
occurs if at least one person is made
There is no need to single out certain targets in this overall process, under the definitions of Pareto improvement
and Pareto optimality discussed above.
The hawks aACAo the Israelis, the Saudis, and their congressional allies aACAo however, oppose this pareto improvement
for the two negotiating parties, because it's not a pareto improvement
for them," he said.
Maximizing GDP is not a Pareto improvement
if the policies pursued to maximize it are not free from the use of force or coercion.
Thus, M' cannot be a Pareto improvement
on M if x chooses a' and y chooses b' in M', since a = a' and b = b' imply no one is strictly better off.
According to Steven Landsburg, a change is a Pareto improvement
if it makes at least one person better off, but makes no one else worse off.
In the next century Pareto, the Italian philosopher provides a theoretical mechanism to evaluate different states with an otherwise simple looking criterion that any change that makes at least one person better off without making any one else worse off is a Pareto improvement
and a situation where no Pareto improvement
is possible is Pareto optimal.