Map of italy quiz for If it cannot be verified that the Pareto improving transfer has been completed before one must take action, then a common result is that individuals do not honor agreements. Another information problem is accurately calculating the transfer. If you ask the Reader how much her work is worth, what is keeping her from saying $500 or $550? This is why information asymmetries often end up with a second-best outcome (or third or fourth-best) rather than the Pareto optimal solution. BIBLIOGRAPHY. Vilfredo Pareto, Manual of Political Economy (Augustus M. Kelley, 1969); Joseph Schumpeter, History of Economic Analysis (George Allen and Unwin, 1954); Dominick Salvatore, Microeconomics: Theory and Applications (Oxford University Press, 2003). DERRICK REAGLE, PH. Map of italy quiz 2016.