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

资深译员筠怡，国际知名法学院民商法专业，专注翻译各种与商业和侵权诉讼有关的法律文件。