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On a fallacy in the Kaldor-Hicks efficiency-equity analysis

March 18, 2014 by admin

This paper shows that implicit assumptions about the numeraire good in the Kaldor-Hicks efficiency-equity analysis involve a “same-yardstick” fallacy.

Filed Under: Inalienable Rights, Main Blog, Property Theory Tagged With: cost-benefit analysis, efficiency, equity, Kaldor-Hicks, Law and economics, same yardstick fallacy

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