Pump sharing is an attractive solution to cope with the demand for low cost amplifiers in all-optical and regional networks based on wavelength-division multiplexing (WDM). In this paper, the performance of a three-stage erbium-doped fiber amplifier (EDFA) with the first two stages sharing a common pump is presented. Criteria for optimizing the power splitting ratio are indicated. In particular, different channel loads as well as component tolerances and manufacturing imperfections are considered. The performance of the EDFA making use of pump sharing is compared with simulation results for an equivalent standard EDFA setup using one pump per stage. Finally, the noise performance improvement that can be obtained by using high power pumps with output powers up to 600 mW is presented. Such pumps became available recently.