Econometrica

Journal Of The Econometric Society

An International Society for the Advancement of Economic
Theory in its Relation to Statistics and Mathematics

Edited by: Guido W. Imbens • Print ISSN: 0012-9682 • Online ISSN: 1468-0262

Econometrica: May, 1977, Volume 45, Issue 4

Necessary and Sufficient Conditions for a Pareto Optimum in Convex Programming

https://www.jstor.org/stable/1912673
p. 811-820

A. Ben-Israel, A. Ben-Tal, A. Charnes

Necessary and sufficient conditions for Pareto optimality are derived for problems involving convex criteria and convex constraints. For a wide class of convex functions, the characterization of Pareto optimality is given in terms of systems of linear programs, which, under suitable regularization conditions, reduce to a single linear program. The consideration of a system of linear programs and their duals leads naturally to a system of partial prices associated with a Pareto optimum.


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