Statements (13)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
economic efficiency criterion
|
| gptkbp:alternativeName |
compensation principle
|
| gptkbp:describes |
potential compensation principle
|
| gptkbp:field |
welfare economics
|
| https://www.w3.org/2000/01/rdf-schema#label |
Kaldor–Hicks criterion
|
| gptkbp:introducedIn |
20th century
|
| gptkbp:namedAfter |
gptkb:John_Hicks
gptkb:Nicholas_Kaldor |
| gptkbp:relatedConcept |
gptkb:Pareto_efficiency
|
| gptkbp:state |
an outcome is more efficient if those that are made better off could in theory compensate those that are made worse off
|
| gptkbp:usedFor |
cost-benefit analysis
|
| gptkbp:bfsParent |
gptkb:Kaldor–Hicks_efficiency
|
| gptkbp:bfsLayer |
7
|