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Compensation principle
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<h2 id="see-also">See also</h2> <ul><li><a href="/facts/Compensating_variation/RgtjPKav">Compensating variation</a> – Economic measure of utility change</li> <li><a href="/facts/Cost%E2%80%93benefit_analysis/xjHXgIAF">Cost–benefit analysis</a> – Systematic approach to estimating the strengths and weaknesses of alternatives</li> <li><a href="/facts/Kaldor%E2%80%93Hicks_efficiency/93I5mnfh">Kaldor–Hicks efficiency</a> – State leading to a Pareto-efficient outcome, concerning the compensation principle</li> <li><a href="/facts/Pareto_efficiency/nMTdVPqy">Pareto efficiency</a> – Weakly optimal allocation of resources</li> <li><a href="/facts/Social_choice_theory/ztMqy1bM">Social choice theory</a> – Study of rational collective decision-making</li> <li><a href="/facts/Welfare_economics/27rrn9UJ">Welfare economics</a> – Use of microeconomic techniques to evaluate well-being at the aggregate level</li> <li><a href="/facts/Theory_of_Second_Best/AEkzgnmt">Theory of Second Best</a> – Branch of economics studying next-best alternativesPages displaying short descriptions of redirect targets</li></ul> <h2 id="literature">Literature</h2> <ul><li>John S. Chipman (2008). "compensation principle". <a href="https://link.springer.com/referenceworkentry/10.1057/978-1-349-95121-5_398-2"><i>The New Palgrave: A Dictionary of Economics</i></a> (2nd ed.). <a href="/facts/Doi_(identifier)/muM9Etpq">doi</a>:<a href="https://doi.org/10.1057%2F978-1-349-95121-5">10.1057/978-1-349-95121-5</a>. <p class="note">See also: <a href="/facts/The_New_Palgrave_Dictionary_of_Economics/3VDv8Bdp">The New Palgrave Dictionary of Economics</a></p></li> <li>Kenneth J. Arrow (1963). "IV". <i>Social Choice and Individual Values</i>. <p class="note">See also: <a href="/facts/Social_Choice_and_Individual_Values/4Hyqv4Ew">Social Choice and Individual Values</a></p></li> <li>Louis Kaplow (2008). "Pareto principle and competing principles". <a href="https://link.springer.com/referenceworkentry/10.1057/978-1-349-95121-5_2287-1"><i>The New Palgrave Dictionary of Economics</i></a> (2nd ed.). <a href="/facts/Doi_(identifier)/muM9Etpq">doi</a>:<a href="https://doi.org/10.1057%2F978-1-349-95121-5">10.1057/978-1-349-95121-5</a>.</li> <li>Dehez, P.; Tellone, D. (2013). <a href="http://sites.uclouvain.be/econ/DP/IRES/2008-10.pdf">"Data games: Sharing public goods with exclusion"</a> (PDF). <i>Journal of Public Economic Theory</i>. 15 (4): 654–673.</li></ul> <h2 id="references">References</h2> <ol> <li id="fn:1"><p>Chipman 1987, p. 524. - John S. Chipman (2008). "compensation principle". The New Palgrave: A Dictionary of Economics (2nd ed.). doi:10.1057/978-1-349-95121-5. <a href="https://link.springer.com/referenceworkentry/10.1057/978-1-349-95121-5_398-2" target="_blank">https://link.springer.com/referenceworkentry/10.1057/978-1-349-95121-5_398-2</a> <a href="#fnref:1" class="footnote-back-ref">↩</a></p></li> <li id="fn:2"><p>Kaplow 2008. - Louis Kaplow (2008). "Pareto principle and competing principles". The New Palgrave Dictionary of Economics (2nd ed.). doi:10.1057/978-1-349-95121-5. <a href="https://link.springer.com/referenceworkentry/10.1057/978-1-349-95121-5_2287-1" target="_blank">https://link.springer.com/referenceworkentry/10.1057/978-1-349-95121-5_2287-1</a> <a href="#fnref:2" class="footnote-back-ref">↩</a></p></li> <li id="fn:3"><p>Arrow 1963. - Kenneth J. Arrow (1963). "IV". Social Choice and Individual Values. <a href="#fnref:3" class="footnote-back-ref">↩</a></p></li> </ol>