KnowraKaldor–Hicks efficiencyLinked fromLinked fromThe 9 pages that link to Kaldor–Hicks efficiency, each with the reason it gives.All 9Related 3Compared with 6Cost–benefit analysisRelated: It underlies the potential-compensation logic often used to interpret positive net benefits.Pareto efficiencyCompared with: Unlike Pareto efficiency, it permits actual losses when hypothetical compensation is possible.Deadweight lossCompared with: Potential compensation can coexist with distributional harm and does not itself measure lost surplus.Welfare economicsCompared with: It permits efficiency claims even when a policy creates actual losers.Social welfare functionCompared with: Potential compensation can endorse changes that a welfare function rejects when losers remain uncompensated.Law and economicsRelated: It allows legal reforms to count as efficient even when compensation is not actually paid.Economic efficiencyRelated: This compensation test differs from Pareto efficiency because actual compensation need not occur.Arthur Cecil PigouCompared with: This criterion offers a different standard for judging welfare-improving changes.Normative economicsCompared with: It can endorse changes with uncompensated losers, unlike stricter Pareto improvement.