Pareto optimality in microeconomics

Harald Wiese ()
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Harald Wiese: Universität Leipzig

Chapter Chapter 14 in Advanced Microeconomics, 2021, pp 383-402 from Springer

Abstract: Zusammenfassung Although the Pareto principle belongs to cooperative game theory, it sheds an interesting light on many different models in microeconomics. We consider bargaining between consumers, producers, countries in international trade, and bargaining in the context of public goods and externalities. We can also subsume profit maximization and household theory under this heading. It turns out that it suffices to consider three different cases with many subcases.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-658-34959-2_14

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DOI: 10.1007/978-3-658-34959-2_14

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