Can I claim that the concepts of weak and strong Pareto optimality are equivalent both in terms of efficiency and equity among agents and generate the same level of social welfare? I know that when preferences are monotonic and continuous, weakly pareto optimal is same as strongly pareto optimal.
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1Hi! Can you please define the terms you use? (Efficiency, equity, social welfare.) – Giskard Aug 30 '22 at 11:33
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I guess they are used in its general meaning. This was a true/false statement that i came across. – user480530 Aug 30 '22 at 11:40