Economics · Welfare Economics
The Scitovsky Paradox (Double Criterion) arises when:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The social welfare function is maximised at the corner solution
- 2Compensation is actually paid, making all parties indifferent
- 3A move from position A to B satisfies the Kaldor criterion, and the reverse move from B to A also satisfies the Hicks criterion✓
- 4Both the Pareto and Kaldor criteria are satisfied simultaneously
Correct answer
A move from position A to B satisfies the Kaldor criterion, and the reverse move from B to A also satisfies the Hicks criterion
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