Kaldor-Hicks criterion/Definition: Difference between revisions

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imported>Nick Gardner
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The criterion for the assessment of the economic efficiency of a proposal that requires that it should be possible that those who gain from it should be able to compensate those who lose from it.
The criterion for the assessment of the economic efficiency of a proposal that requires that those who gain from it should be able to compensate those who lose from it.

Latest revision as of 04:33, 4 November 2009

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Kaldor-Hicks criterion [r]: The criterion for the assessment of the economic efficiency of a proposal that requires that those who gain from it should be able to compensate those who lose from it.