Journal of Political Economy, Vol. 81, No. 2, Part 1 (Mar. - Apr., 1973), pp. 386-400 (15 pages) An argument by Buchanan that the criterion of Pareto optimality is of little value when used solely ...
An optimality criterion is a single number that summarizes how good a design is, and it is maximized or minimized by an optimal design. This section discusses in detail the optimality criteria ...
This is a preview. Log in through your library . Abstract This paper shows the asymptotic equivalence of the classical and symmetric optimality criteria for the finite state, arbitrary action compound ...