Got no idea! economics help
an actual Pareto improvement;
a potential Pareto improvement;
the Kaldor-Hicks criterion.
Which of these concepts can be used to formulate a practical choice criterion in benefit-cost analysis and why may it be difficult to use one or more of the others in this way.
Could someone please help
thanks
a potential Pareto improvement;
the Kaldor-Hicks criterion.
Which of these concepts can be used to formulate a practical choice criterion in benefit-cost analysis and why may it be difficult to use one or more of the others in this way.
Could someone please help
thanksQuick Reply
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