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Multicriteria Optimization in Engineering and in the Sciences pp 77–116Cite as

Welfare Economics and the Vector Maximum Problem

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Part of the book series: Mathematical Concepts and Methods in Science and Engineering ((MCSENG,volume 37))

Abstract

It is probably well known to everyone working in the field of multi-criteria optimization that the roots of this field can easily be traced back to welfare economics, more precisely to the contributions of Vilfredo Pareto (Ref. 1). As a matter of fact, Stadler’s survey on multicriteria optimization (Ref. 2) gives a fairly detailed review of the historical development of multicriteria optimization in the context of welfare theory. There is obviously no point in duplicating his effort. There are also many standard textbooks on welfare economics (e.g., Refs. 3–6). These texts are written for economists, but just translating and summarizing them for noneconomists could certainly not be adequate in this volume.

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Authors and Affiliations

  1. Department of Economic and Social Science, University of Dortmund, D-4600, Dortmund, Federal Republic of Germany

    N. Schulz

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  1. N. Schulz
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  1. San Francisco State University, San Francisco, California, USA

    Wolfram Stadler

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Schulz, N. (1988). Welfare Economics and the Vector Maximum Problem. In: Stadler, W. (eds) Multicriteria Optimization in Engineering and in the Sciences. Mathematical Concepts and Methods in Science and Engineering, vol 37. Springer, Boston, MA. https://doi.org/10.1007/978-1-4899-3734-6_4

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  • DOI: https://doi.org/10.1007/978-1-4899-3734-6_4

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