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...

(also known as Solow computer paradox): Worker productivity may go down, despite technological improvements. Scitovsky paradox: Using the Kaldor–Hicks criterion...

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...

improvement over C). Compensation principle Pareto efficiency Scitovsky paradox Scitovsky, T. (1941). "A Note on Welfare Propositions in Economics". Review...

Kaldor–Hicks efficiency. If the two conditions disagree, that yields the Scitovsky paradox. There are many combinations of consumer utility, production mixes...

The preparedness paradox is the proposition that if a society or individual acts effectively to mitigate a potential disaster such as a pandemic, natural...

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...

economies (London: Macmillan Press ltd.., sixth edition. 1999), pp237–242. Scitovsky, Tibor. Papers on welfare and Growth (London George Allen and Unwin ltd...

Pareto improvements" advanced by Nicholas Kaldor, John Hicks, and Tibor Scitovsky. While traditional Pareto criteria require that no one be made worse off...

then the characteristic function becomes the one given.: 501  In Tibor Scitovsky's terminology (more commonly known as the Kaldor–Hicks criterion), this...