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Search "Kaldor-Hicks efficiency"
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Kaldor-Hicks efficiency | |
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About 3 pages (1,023 words) in 2 products |
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Encyclopedia and Summary Information
summary from source:
 Kaldor-Hicks Compensation Principle : Economics Topics
65 words, approx. 1 pages A compensation test of WELFARE ECONOMICS stating that there will be a net gain in SOCIAL WELFARE if those who have welfare gains can both compensate losers and still have a net gain for themselves. Hicks, J.R. (1939) ‘Foundations of welfare... summary from source:
 Kaldor-Hicks efficiency Information
958 words, approx. 3 pages
Kaldor-Hicks efficiency (named for Nicholas Kaldor and John Hicks) is a type of economic efficiency that captures some of the intuitive appeal of Pareto efficiency, while having less stringent criteria and therefore being applicable in more... 
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