Triple

Target entity: Kaldor–Hicks compensation principle
Context triple: [Nicholas Kaldor, notableIdea, Kaldor–Hicks compensation principle]

• A. Hicks–Kaldor compensation criterion chosen
  The Hicks–Kaldor compensation criterion is an economic efficiency test stating that a policy change is desirable if those who gain could in principle compensate those who lose and still be better off, regardless of whether compensation actually occurs.
• B. Pareto improvement
  A Pareto improvement is a change in allocation that makes at least one individual better off without making anyone else worse off.
• C. Coase theorem
  The Coase theorem is an economic theory stating that if property rights are well-defined and transaction costs are negligible, private bargaining will lead to an efficient allocation of resources regardless of the initial assignment of rights.
• D. Pareto efficiency
  Pareto efficiency is an economic concept describing an allocation of resources where no individual can be made better off without making someone else worse off.
• E. second fundamental theorem of welfare economics
  The second fundamental theorem of welfare economics states that, under certain ideal conditions, any Pareto efficient allocation of resources can be achieved as a competitive market equilibrium given an appropriate redistribution of initial endowments.
• F. None of above.
• G. Unsure - the case is ambiguous/there is not enough information to decide.