Kaldor–Hicks efficiency

Rarity: Common

The most frequent rarity: most Wikipedia articles become Commons.

Rarity follows how well known the article is: its views on the French and English Wikipedia over a year, and the number of languages it exists in.

At a glance

Class

Notion

Domain

Science and technology

In collections

Nobody has pulled it yet.

What Wikipedia says

A Kaldor–Hicks improvement is an economic re-allocation of resources among people that captures some of the intuitive appeal of a Pareto improvement, but has less stringent criteria and is hence applicable to more circumstances.

Excerpt from the Wikipedia article “Kaldor–Hicks efficiency”, under the CC BY-SA 4.0 license. Read the article on Wikipedia

Image: London School of Economics, Public domain, via Wikimedia Commons.