Kaldor-Hicks improvement

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English[edit]

English Wikipedia has an article on:
Wikipedia

Etymology[edit]

Named for Nicholas Kaldor and John Hicks.

Noun[edit]

Kaldor-Hicks improvement (plural Kaldor-Hicks improvements)

  1. (economics) 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.

Related terms[edit]

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