Compensation Principle

Abstract

The term ‘compensation principle’ refers to the principle that in comparing two alternative states in which a given community of persons might find itself, one of the states constitutes an improvement over the other (in the weak sense including equivalence) if it is possible for the gainers to compensate the losers for their losses and still be at least as well off as in the original state. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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