Kaldor-Hicks Improvement

Concept

A technical economic criterion for welfare improvement where if winners could theoretically compensate losers and still be better off, the change is considered an improvement.

Mentioned in 1 video

Videos Mentioning Kaldor-Hicks Improvement

Prof. Timur Kuran on "The Portal", Episode #004: "The Economics of Revolution and Mass Deception."

Prof. Timur Kuran on "The Portal", Episode #004: "The Economics of Revolution and Mass Deception."

Eric Weinstein

A technical economic criterion for welfare improvement where if winners could theoretically compensate losers and still be better off, the change is considered an improvement.