Pareto Efficiency - Weak Pareto Efficiency

Weak Pareto Efficiency

A "weak Pareto optimum" (WPO) is an allocation for which there are no possible alternative allocations whose realization would cause every individual to gain. Thus an alternative allocation is considered to be a Pareto improvement only if the alternative allocation is strictly preferred by all individuals. When contrasted with weak Pareto efficiency, a standard Pareto optimum as described above may be referred to as a "strong Pareto optimum" (SPO).

Weak Pareto-optimality is "weaker" than strong Pareto-optimality in the sense that the conditions for WPO status are "weaker" than those for SPO status: any SPO also qualifies as a WPO, but a WPO allocation is not necessarily an SPO.

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