Showing 1 - 10 of 644,487
). Distributive justice criteria are studied through different ways of distributing scarce resources, and we analyse whether the … population's response patterns are conditioned by specific features of the economic context. We find that proportional allocation …
Persistent link: https://www.econbiz.de/10014496133
Based on the premise that fairness is different from equity and that it is primarily used in informal contexts we present an economic approach to fairness. Discussing the results of behavioral economics reveals the experience that people do not accept a monetary offer even if that collides with...
Persistent link: https://www.econbiz.de/10003969334
This paper investigates fair (i.e., envy free and efficient) allocations in an overlapping generations economy without production and with two - period lived agents. We show that there exists a conflict between no-envy and efficiency when all generations have identical preferences. This conflict...
Persistent link: https://www.econbiz.de/10012938330
We study equitable allocation of indivisible goods and money among agents with other-regarding preferences. First, we … argue that Foley's (1967) equity test, i.e., the requirement that no agent prefer the allocation obtained by swapping her … equitable allocation among inequity-averse agents and in a domain with linear externalities that we introduce. Finally, we …
Persistent link: https://www.econbiz.de/10011672122
We study the problem of assigning indivisible goods to individuals where each is to receive one object. To guarantee fairness in the absence of monetary compensation, we consider random assignments and analyse various equity criteria for such lotteries. In particular, we find that sd-no-envy (as...
Persistent link: https://www.econbiz.de/10010487727
solution concept to this problem called a perfectly fair allocation. It is a refinement of the concept of fair allocation. An … appealing and interesting property of this concept is that every perfectly fair allocation is Pareto optimal. It is also shown … that a perfectly fair allocation is envy free and gives each agent what he likes best, and that a fair allocation need not …
Persistent link: https://www.econbiz.de/10014125049
group of people as fairly and as efficiently as possible. A particular constraint for such an allocation is that every … allocation. It is shown that every perfectly fair allocation is efficient and envy-free, income-fair and furthermore gives every … allocation. It is shown that there exists a perfectly fair allocation if and only if an associated linear program problem has a …
Persistent link: https://www.econbiz.de/10014120927
This paper studies the problem of how to distribute a set of indivisible objects with an amount M of money among a number of agents in a fair way. We allow any number of agents and objects. Objects can be desirable or undesirable and the amount of money can be negative as well. In case M is...
Persistent link: https://www.econbiz.de/10014121719
"optimal" envy-free allocation by maximally manipulating the solutions. This maximal manipulation theorem leads to several …
Persistent link: https://www.econbiz.de/10013106966
Persistent link: https://www.econbiz.de/10012533871