Statements (16)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
economic efficiency criterion
|
| gptkbp:alternativeName |
compensation principle
|
| gptkbp:appliesTo |
cost-benefit analysis
|
| gptkbp:basisFor |
potential Pareto improvement
|
| gptkbp:category |
gptkb:economic_policy
|
| gptkbp:contrastsWith |
Pareto criterion
|
| gptkbp:defines |
A change 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.
|
| https://www.w3.org/2000/01/rdf-schema#label |
Kaldor-Hicks criterion
|
| gptkbp:introducedIn |
1939
|
| gptkbp:namedAfter |
gptkb:John_Hicks
gptkb:Nicholas_Kaldor |
| gptkbp:relatedTo |
gptkb:Pareto_efficiency
|
| gptkbp:usedFor |
policy evaluation
|
| gptkbp:usedIn |
welfare economics
|
| gptkbp:bfsParent |
gptkb:Kaldor-Hicks_efficiency
|
| gptkbp:bfsLayer |
7
|