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What is Potential Pareto Improvement

Encyclopedia of Business Analytics and Optimization
Positive net present value from a cost-benefit analysis of a project which indicates the capacity to make an unambiguous improvement in welfare by compensating losers so that no-one is worse off after implementation of the project (also known as the Kaldor-Hicks Compensation Test).
Published in Chapter:
Project Appraisal Techniques
Tony Jackson (University of Dundee, Scotland, UK)
Copyright: © 2014 |Pages: 13
DOI: 10.4018/978-1-4666-5202-6.ch172
Full Text Chapter Download: US $37.50 Add to Cart
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