Kaldor-Hicks improvement
nounEtymology
Named for Nicholas Kaldor and John Hicks.
Definitions
An economic reallocation of resources among people, such that those who are made better…
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.
The neighborhood
Vish — recursive loop
No curated loop yet for Kaldor-Hicks improvement. Loops are being traced one word at a time while the ingestion pipeline matures.
sense glosses and etymology drawn from English Wiktionary · source · CC-BY-SA