A power converter comprising: an output node to be connected to a load; a plurality of N converter stages (110, DC/DC1,..., DC/DC N) coupled in parallel to produce an output current I load of the power converter at the output node, wherein each converter stage (110, DC/DC1,..., DC/DC N) is configured to produce an individual output current I 1, I 2,..., I N provided to the output node; a power system controller configured to select desired individual output currents of the converter stages (110, DC/DC1,..., DC/DC N) forming a desired unequal current allocation among the plurality of converter stages (110, DC/DC1,..., DC/DC N), wherein the selected desired individual output currents minimize the function J = I 1 η 1 I 1 + I 2 η I 2 + ⋯ I N η I N under the constraint that the output current I load of the power converter is equal to the sum of the individual output currents I 1, I 2,..., I N of the converter stages (110, DC/DC1,..., DC/DC N), where η 1 (I 1), η 2 (I 2),..., η N (I N) are power converter efficiency functions of the individual converter stages (110, DC/DC1,..., DC/DC N) that represent the respective power converter efficiencies of the individual converter stages (110, DC/DC1,..., DC/DC N) as a function of the input voltage (V IN) provided to the inputs of the converter stages (110, DC/DC1,..., DC/DC N), an output voltage (V OUT) produced at the output node, and the individual output currents I 1, I 2,..., I N of the converter stages (110, DC/DC1,..., DC/DC N); wherein one converter stage of the plurality of converter stages is configured to control an output characteristic of the power converter and the remaining converter stages of the plurality of converter stages are configured to be controlled according to the desired unequal current allocation; the power converter further comprising a converter stage controller configured to regulate the individual output current (I 1, I 2,..., I N) produced by each of the plurality of converter stages (110, DC/DC1,..., DC/DC N) in accordance with the desired unequal current allocation. an output node to be connected to a load; a plurality of N converter stages (110, DC/DC1,..., DC/DC N) coupled in parallel to produce an output current I load of the power converter at the output node, wherein each converter stage (110, DC/DC1,..., DC/DC N) is configured to produce an individual output current I 1, I 2,..., I N provided to the output node; a power system controller configured to select desired individual output currents of the converter stages (110, DC/DC1,..., DC/DC N) forming a desired unequal current allocation among the plurality of converter stages (110, DC/DC1,..., DC/DC N), wherein the selected desired individual output currents minimize the function J = I 1 η 1 I 1 + I 2 η I 2 + ⋯ I N η I N under the constraint that the output current I load of the power converter is equal to the sum of the individual output currents I 1, I 2,..., I N of the converter stages (110, DC/DC1,..., DC/DC N), where η 1 (I 1), η 2 (I 2),..., η N (I N) are power converter efficiency functions of the individual converter stages (110, DC/DC1,..., DC/DC N) that represent the respective power converter efficiencies of the individual converter stages (110, DC/DC1,..., DC/DC N) as a function of the input voltage (V IN) provided to the inputs of the converter stages (110, DC/DC1,..., DC/DC N), an output voltage (V OUT) produced at the output node, and the individual output currents I 1, I 2,..., I N of the converter stages (110, DC/DC1,..., DC/DC N); wherein one converter stage of the plurality of converter stages is configured to control an output characteristic of the power converter and the remaining converter stages of the plurality of converter stages are configured to be controlled according to the desired unequal current allocation; the power converter further comprising a converter stage controller configured to regulate the individual output current (I 1, I 2,..., I N) produced by each of the plurality of converter stages (110, DC/DC1,..., DC/DC N) in accordance with the desired unequal current allocation.