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Definition of Pareto improvement
1. Noun. (game theory economics) A change in the allocation of a resource to a set of individuals that is an improvement for at least one and no worse for any other. ¹
¹ Source: wiktionary.com
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1. Noun. (game theory economics) A change in the allocation of a resource to a set of individuals that is an improvement for at least one and no worse for any other. ¹
¹ Source: wiktionary.com