Potential Pareto improvement
GPTKB entity
Statements (17)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
Economic concept
|
| gptkbp:alsoKnownAs |
gptkb:Kaldor-Hicks_improvement
|
| gptkbp:appliesTo |
Resource allocation
|
| gptkbp:compatibleWith |
Actual compensation
|
| gptkbp:contrastsWith |
gptkb:Pareto_improvement
|
| gptkbp:criteria |
gptkb:Kaldor-Hicks_criterion
|
| gptkbp:defines |
A change where those that gain could in theory compensate those that lose and still be better off
|
| https://www.w3.org/2000/01/rdf-schema#label |
Potential Pareto improvement
|
| gptkbp:influencedBy |
New welfare economics
|
| gptkbp:proposedBy |
gptkb:John_Hicks
gptkb:Nicholas_Kaldor |
| gptkbp:relatedTo |
gptkb:Pareto_efficiency
|
| gptkbp:requires |
Potential compensation
|
| gptkbp:usedFor |
Cost-benefit analysis
|
| gptkbp:usedIn |
Welfare economics
|
| gptkbp:bfsParent |
gptkb:Kaldor–Hicks_efficiency
|
| gptkbp:bfsLayer |
7
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