IDEAS home Printed from https://ideas.repec.org/a/inm/ormnsc/v40y1994i9p1174-1188.html
   My bibliography  Save this article

Fairness and Social Risk I: Unaggregated Analyses

Author

Listed:
  • Peter C. Fishburn

    (AT&T Bell Laboratories, 600 Mountain Avenue, Murray Hill, New Jersey 07974)

  • Rakesh K. Sarin

    (Anderson Graduate School of Management, University of California, Los Angeles, California 90024)

Abstract

This paper is the first of a two-paper study of fairness issues for decisions that affect the benefits received and the risks encountered by a population. The study examines fairness for individuals and for homogeneous groups within the population. It considers fairness both for population benefit-risk profiles and for probability distributions over profiles that reflect uncertainty about outcomes of decisions. The present paper focuses on fairness for profiles in which benefits and risks are not aggregated within groups or across the population. It ties fairness to notions of envy among individuals and groups that are based on individuals' preferences. The sequel will discuss aggregation of benefits and risks along with fairness from an aggregated perspective.

Suggested Citation

  • Peter C. Fishburn & Rakesh K. Sarin, 1994. "Fairness and Social Risk I: Unaggregated Analyses," Management Science, INFORMS, vol. 40(9), pages 1174-1188, September.
    • Handle: RePEc:inm:ormnsc:v:40:y:1994:i:9:p:1174-1188
    DOI: 10.1287/mnsc.40.9.1174
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.1287/mnsc.40.9.1174
    Download Restriction: no
    File URL: https://libkey.io/10.1287/mnsc.40.9.1174?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Carole Bernard & Christoph M. Rheinberger & Nicolas Treich, 2018. "Catastrophe Aversion and Risk Equity in an Interdependent World," Management Science, INFORMS, vol. 64(10), pages 4490-4504, October.
    2. Thibault Gajdos & John Weymark & Claudio Zoli, 2010. "Shared destinies and the measurement of social risk equity," Annals of Operations Research, Springer, vol. 176(1), pages 409-424, April.
    3. Lejano, Raul P. & Davos, Climis A., 2001. "Siting noxious facilities with victim compensation: : n-person games under transferable utility," Socio-Economic Planning Sciences, Elsevier, vol. 35(2), pages 109-124.
    4. Lejano, Raul P. & Davos, Climis A., 2002. "Fair Share: Siting Noxious Facilities as a Risk Distribution Game under Nontransferable Utility," Journal of Environmental Economics and Management, Elsevier, vol. 43(2), pages 251-266, March.
    5. Ingrid T. Rohde & Kirsten M. Rohde, 2015. "Managing social risks – tradeoffs between risks and inequalities," Journal of Risk and Uncertainty, Springer, vol. 51(2), pages 103-124, October.
    6. Zvi Safra & Sinong Ma & Tigran Melkonyan, 2019. "Is Allocation Affected by the Perception of Others' Irresponsible Behavior and by Ambiguity?," Risk Analysis, John Wiley & Sons, vol. 39(10), pages 2182-2196, October.
    7. L. Robin Keller & Rakesh K. Sarin, 1995. "Fair Processes for Societal Decisions Involving Distributional Inequalities," Risk Analysis, John Wiley & Sons, vol. 15(1), pages 49-59, February.
    8. LAMAS, ALEJANDRO & CHEVALIER, Philippe, 2013. "Jumping the hurdles for collaboration: fairness in operations pooling in the absence of transfer payments," LIDAM Discussion Papers CORE 2013073, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    9. Christoph M. Rheinberger & Nicolas Treich, 2017. "Attitudes Toward Catastrophe," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 67(3), pages 609-636, July.
    10. James E. Smith & Detlof von Winterfeldt, 2004. "Anniversary Article: Decision Analysis in Management Science," Management Science, INFORMS, vol. 50(5), pages 561-574, May.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:inm:ormnsc:v:40:y:1994:i:9:p:1174-1188. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Asher (email available below). General contact details of provider: https://edirc.repec.org/data/inforea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.