economic efficiency criterion
C24766
concept
An economic efficiency criterion is a standard or rule used to evaluate how well resources are allocated to maximize total net benefits or welfare in an economy.
Observed surface forms (1)
| Surface form | Occurrences |
|---|---|
| concept in welfare economics | 2 |
Instances (3)
| Instance | Via concept surface |
|---|---|
| Hicks–Kaldor compensation criterion | — |
|
Pareto
surface form:
Pareto efficiency
|
concept in welfare economics |
| Bergson–Samuelson social welfare function | concept in welfare economics |