PARETO IMPROVEMENT
Pareto Improvement: translation
In neoclassical economics, an action done in an economy that harms no one and helps at least one person. The theory suggests that Pareto improvements will keep adding to the economy until it achieves a Pareto equilibrium, where no more Pareto improvements can be made.In real-world economics, the Pareto improvement is often replaced by the Kaldor-Hicks improvement, of which Pareto improvements are a subset. A Kaldor-Hicks improvement is associated with cost-benefit improvements and is related in terms of actual dollars.
- pareto improvement—эк. улучшение по Парето паретоулучшение улучшение положения одних субъектов без ухудшения положения другихem Pareto optimality Pareto inefficiency Pareto Vilfredo...Англо-русский экономический словарь