Set of pareto optimal policies, Operation Research

Problem: A policy maker is considering several policy options that lead to different utility levels of different individuals

683_Set of Pareto Optimal policies.png

a) Which Policy is would be optimal according to the Utilitarian criterion?

b) Which Policy would be optimal according to the Rawlsian social welfare function?

c) Are any of the policies pareto improvements relative to another Policy? If so which?

d) What is the Set of Pareto Optimal policies?

Posted Date: 2/19/2013 6:21:47 AM | Location : United States

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