wealth maximization

wealth maximization. A situation resulting from a change in the allocation of resources if the change benefits the winner — i.e., the one who benefits from the change — more than it harms the loser. • A situation in which all possible wealth-maximizing changes have occurred is described as Kaldor-Hicks efficient or as being potentially Pareto superior. See PARETO OPTIMALITY; PARETO SUPERIORITY.

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词条贡献者

译员Clara，毕业于国内知名法学院，擅长翻译有关建筑领域的法律文件。