TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

PARETO CRITERION [2 records]

Record 1 2015-04-21

English

Subject field(s)
  • Economic Planning
DEF

In the language of welfare economics, a change that makes at least one member of a community better off and makes none worse off is a Pareto improvement.

CONT

Resources are allocated efficiently when it is not possible to change the allocation of resources ... without making someone worse off. If it is possible to reallocate resources and make some people better off ... while making no one else worse off, then the existing pattern of resource allocation is not efficient. This criterion of efficiency is called the Pareto criterion ...

French

Domaine(s)
  • Planification économique
CONT

Le critère de Pareto est à la fois l'un des critères les plus simples et des plus applicables. Il postule que «tout changement qui ne nuit à personne et qui améliore la situation de certains individus (selon leur estimation) doit être considéré comme une amélioration» [...]

Spanish

Save record 1

Record 2 2015-01-07

English

Subject field(s)
  • Economic Planning
  • Decision-Making Process
OBS

A test of whether or not social welfare is increased by some economic change. ... the compensation principle ... states that, if the gainers from a change could fully compensate the losers from the change, and still be better off than they were before the change, then the change can be deemed desirable, even if the compensation is not actually paid.

French

Domaine(s)
  • Planification économique
  • Processus décisionnel
OBS

[...] [le] principe de compensation [...] peut se formuler ainsi : si une opération a un surplus global positif, on peut trouver un système de transferts compensatoires tel que le surplus de chaque individu soit positif, c'est-à-dire tel que la situation de chacun soit améliorée. Dans la réalité toutefois, on ne met pas en œuvre à chaque instant de tels systèmes de transferts compensatoires [...]

Spanish

Campo(s) temático(s)
  • Planificación económica
  • Proceso de adopción de decisiones
Save record 2

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