Kaldor-Hicks improvement en · NOUN
Etymology
Named for Nicholas Kaldor and John Hicks.
Meanings
- An economic reallocation of resources among people, such that those who are made better off could hypothetically compensate those who are made worse off and lead to a Pareto-improving outcome.
Forms
| Spelling | Features | Labels | Source |
|---|---|---|---|
| Kaldor-Hicks improvements | Number=Plur | lexicographic |
Relateds
Kaldor-Hicks efficient · Kaldor-Hicks efficiency · Kaldor-Hicks criterion