Login or register (free and only takes a few minutes) to participate in this question.
You will also have access to many other tools and opportunities designed for those who have language-related jobs
(or are passionate about them). Participation is free and the site has a strict confidentiality policy.
|English to Arabic translations [PRO]|
|English term or phrase: Pareto efficient|
|the competion is uniqe as Pareto efficient|
|معامل باريتو لفاعلية توزيع المخصصات|
إضافة لما أورده الزملاء فقد يكون من المناسب إضافة شرحاً مختصراً للمصطلح
Pareto efficiency: An economic allocation is inefficient if there is an alternative allocation in which all agents are better off in terms of their own objective functions (utilities, profits, payoffs); it is said to be Pareto efficient if there is none such alternative allocation. Put differently, in an Pareto efficient state, it is impossible to improve one agent's state without making at least one other agent worse-off. This criterion generalizes the one of a maximal aggregate surplus to situations with incomparable objective functions (preferences). It is weak in that typically entire continua of Pareto efficient states exist; the criterion is therefore important mainly as a negative one, ruling out (institutions leading to) inefficient states as undesirable. With incomplete information about the agents' preferences, the notion of Pareto efficiency is ambiguous. An operational criterion of efficiency then depends on the state of the resolution of uncertainty: different allocations can be compared in terms of their ex-ante, their interim, or their ex-post efficiency.
A feasible allocation is Pareto efficient for a group of agents if there is no other feasible allocation that can increase the welfare of every agent.
Selected response from:
Local time: 01:36
|Thank you very much, your answer was a great help|
4 KudoZ points were awarded for this answer
16 mins confidence: peer agreement (net): +5
|pareto efficient |
There could be a more mathematical term for it.