Economy, asked by adnanhussain9016, 1 year ago

Write short notes onScitovsky double criterion.

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Answered by Anonymous

Answer:

The Scitovsky criterion was developed by Tibor Scitosky in his paper “A Note on Welfare Propositions in Economics”, 1941, in order to solve the inconsistencies, -known as the Scitovsky paradox-, that Nicholas Kaldor’s and John Richard Hicks’ criteria presented.

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