The Scitovsky paradox is a paradox in welfare economics which is resolved by stating that there is no increase in social welfare by a return to the original...
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(also known as Solow computer paradox): Worker productivity may go down, despite technological improvements. Scitovsky paradox: Using the Kaldor–Hicks criterion...
56 KB (7,841 words) - 03:24, 8 November 2024
A paradox is a logically self-contradictory statement or a statement that runs contrary to one's expectation. It is a statement that, despite apparently...
25 KB (2,865 words) - 23:03, 18 October 2024
Kaldor–Hicks efficiency (redirect from Scitovsky criterion)
improvement over C). Compensation principle Pareto efficiency Scitovsky paradox Scitovsky, T. (1941). "A Note on Welfare Propositions in Economics". Review...
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Kaldor–Hicks efficiency. If the two conditions disagree, that yields the Scitovsky paradox. There are many combinations of consumer utility, production mixes...
30 KB (2,978 words) - 11:46, 19 October 2024
The preparedness paradox is the proposition that if a society or individual acts effectively to mitigate a potential disaster such as a pandemic, natural...
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share or shared a mutual perspective on the way economies function. Scitovsky paradox sector A portion or component of the larger economy, such as households...
229 KB (25,431 words) - 02:19, 24 October 2024
economies (London: Macmillan Press ltd.., sixth edition. 1999), pp237–242. Scitovsky, Tibor. Papers on welfare and Growth (London George Allen and Unwin ltd...
13 KB (1,757 words) - 07:55, 29 February 2024
then the characteristic function becomes the one given.: 501 In Tibor Scitovsky's terminology (more commonly known as the Kaldor–Hicks criterion), this...
36 KB (3,407 words) - 13:53, 5 September 2024