http://www.econguru.com/how-game-theory-applies-to-economics/ Your premium source of Economics, Finance and Business knowledge Thu, 01 Dec 2011 04:26:25 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.econguru.com/how-game-theory-applies-to-economics/comment-page-1/#comment-93 What is Pareto Efficiency? | EconGuru Economics Guide Wed, 10 Mar 2010 12:53:15 +0000 http://www.econguru.com/?p=338#comment-93 [...] Pareto efficiency is something you may sometimes hear mentioned in relation to economic theory. It is named after an Italian economist named Vilfredo Pareto.  The idea of a Pareto efficiency is not related to equity because something can be meet the requirements of Pareto efficiency but be very inequitable indeed. The idea of Pareto efficiency is of interest to economists and it is particular importance for game theory. [...] [...] Pareto efficiency is something you may sometimes hear mentioned in relation to economic theory. It is named after an Italian economist named Vilfredo Pareto.  The idea of a Pareto efficiency is not related to equity because something can be meet the requirements of Pareto efficiency but be very inequitable indeed. The idea of Pareto efficiency is of interest to economists and it is particular importance for game theory. [...]

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