Kaldor-Hicks improvement (English, noun)
expansion: Kaldor-Hicks improvement (plural Kaldor-Hicks improvements)
Senses:
topics: economics
sciences
glosses: 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:
form: Kaldor-Hicks improvements
tags: plural