Unified Representation of Proper Efficiency by Means of Dilating Cones1

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Abstract

We reduce the definitions of proper efficiency due to Hartley, Henig, Borwein, and Zhuang to a unified form based on the notion of a dilating cone, i.e., an open cone containing the ordering cone. This new form enables us to obtain a comprehensive comparison among these and other kinds of proper efficiency. The most advanced results are obtained for a special class of proper efficiencies corresponding to one-parameter families of uniform dilations. This class is sufficiently wide and includes, for example, the Hartley and Henig proper efficiencies as well as superefficiency.

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