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The difference between the Pareto and the Kaldor-Hicks standard of efficiency


Term Paper (Advanced seminar), 2018

5 Pages, Grade: 1,3

Simon Valentin (Author)


Abstract or Introduction

In this essay, I will first describe the Pareto and the Kaldor-Hicks standard of efficiency. I will then elaborate on the relationship and the differences between the two concepts and finally investigate how the acceptance and application of the two standards shape evaluation and justification in state action.

Details

Title
The difference between the Pareto and the Kaldor-Hicks standard of efficiency
College
University of Toronto  (Munk School of Global Affairs and Public Policy)
Grade
1,3
Author
Year
2018
Pages
5
Catalog Number
V491913
ISBN (eBook)
9783668990098
ISBN (Book)
9783668990104
Language
English
Keywords
State Action Efficiency, Efficiency, State Action, Justification
Quote paper
Simon Valentin (Author), 2018, The difference between the Pareto and the Kaldor-Hicks standard of efficiency, Munich, GRIN Verlag, https://www.grin.com/document/491913

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