Statements (18)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
Economic concept
|
| gptkbp:alsoKnownAs |
gptkb:Kaldor–Hicks_criterion
|
| gptkbp:appliesTo |
Policy evaluation
|
| gptkbp:assumes |
Hypothetical compensation
|
| gptkbp:compatibleWith |
Actual compensation
|
| gptkbp:criteria |
gptkb:Potential_Pareto_improvement
|
| gptkbp:defines |
An allocation is Kaldor–Hicks efficient if those that are made better off could in theory compensate those that are made worse off and still have a net gain.
|
| gptkbp:describes |
Resource allocation
|
| gptkbp:distinctFrom |
gptkb:Pareto_efficiency
|
| gptkbp:field |
Welfare economics
|
| https://www.w3.org/2000/01/rdf-schema#label |
Kaldor–Hicks efficiency
|
| gptkbp:introducedIn |
1939
|
| gptkbp:proposedBy |
gptkb:John_Hicks
gptkb:Nicholas_Kaldor |
| gptkbp:relatedTo |
gptkb:Pareto_efficiency
|
| gptkbp:usedIn |
gptkb:Cost–benefit_analysis
|
| gptkbp:bfsParent |
gptkb:Nicholas_Kaldor
|
| gptkbp:bfsLayer |
6
|