Distinguish between the Pareto criterion for evaluating a social change in which there are gainers and losers

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Distinguish between the Pareto criterion for evaluating a social change in which there are gainers and losers and the Kaldor-Hicks (or potential Pareto) criterion.

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Law and economics

ISBN: 978-0132540650

6th Edition

Authors: Robert cooter, Thomas ulen

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Question Posted: Aug 11, 2012 03:08 AM

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Distinguish between the Pareto criterion for evaluating a social change in which there are gainers and losers

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A Pareto improvement is a change in which at least one indivi...View the full answer

Law and economics

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