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Pareto optimality in microeconomics

In: Advanced Microeconomics

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  • Harald Wiese

    (Universität Leipzig)

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.

Suggested Citation

  • Harald Wiese, 2021. "Pareto optimality in microeconomics," Springer Books, in: Advanced Microeconomics, chapter 0, pages 383-402, Springer.
    • Handle: RePEc:spr:sprchp:978-3-658-34959-2_14
    DOI: 10.1007/978-3-658-34959-2_14
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