Ordinal Pareto efficiency
id:
ordinal-pareto-efficiency-298-11116944
title:
Ordinal Pareto efficiency
text:
Ordinal Pareto efficiency refers to several adaptations of the concept of Pareto-efficiency to settings in which the agents only express ordinal utilities over items, but not over bundles. That is, agents rank the items from best to worst, but they do not rank the subsets of items. In particular, they do not specify a numeric value for each item. This may cause an ambiguity regarding whether certain allocations are Pareto-efficient or not. As an example, consider an economy with three items and
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wiki
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encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Ordinal_Pareto_efficiency
date created:
date modified:
2024-01-05T11:48:32Z
main entity:
{"identifier":"Q114289579","url":"https://www.wikidata.org/entity/Q114289579"}
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13
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