Pareto
pareto efficiency is enforcing something that makes somebody better off without making anybody else worse off. net society gains as a whole.
it’s like 2 guys chasing 2 girls (a blonde and a brounette). guy 1 only likes blondes. guy 2 only likes brounettes.
outcomes:
guy 1 gets both girls. guy 2 no girl.
guy 2 gets both girls. guy 1 no girl.
or,
pareto efficent outcome:
guy 1 gets the blonde, and guy 2 gets the brounette. each is made better off without making the other guy worse off.
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