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What is Pareto Efficiency

Encyclopedia of Internet Technologies and Applications
A distribution is Pareto efficient if the net benefit for one participant cannot be improved without decreasing the benefit of another participant in that transaction.
Published in Chapter:
Survey: Pricing Ubiquitous Network Services
Jairo A. Gutiérrez (University of Auckland, New Zealand)
Copyright: © 2008 |Pages: 10
DOI: 10.4018/978-1-59140-993-9.ch082
Abstract
One of the keys for the success of ubiquitous network services is the issue of assigning prices to those services. Furthermore, ubiquitous services based on a network of complementary technologies, both fixed and wireless, have created the expectation of services that can be obtained dynamically and automatically with the minimum possible of interaction between the users and potentially complex network systems. Intelligent agents would negotiate the best conditions to make sure the user obtains the best possible connection always (Voinov & Valladares, 2003). This best possible connection would be selected by comparing the different services, quality of the services offered, and prices, then reaching a decision based on the policies the user has configured in his or her intelligent agent and in conjunction with the policies being presented by the different service providers.
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More Results
Analysis of TCP-Friendly Protocols for Media Streaming
A resource allocation is said to be Pareto efficient if all resources are consumed in the sense that the bit rate allocated to one flow cannot be increased without decreasing the bit rate allocated to another flow.
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