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Trial to count the discounted envy; Evaluation and Compensation

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  • Hobara, Nobuhiro

Abstract

No envy or envy is the important object or problem the social choice researcher often study and many researcher try to decrease the envy existed in economy while keeping in mind the problem of social welfare. Feldman and Kirman(1974) try to count the number of envy of each subject or in economy directly . Their method is tractable in term of evaluating the degree of fairness and comparing the degree of fairness or envy among economies. But we consider that their method has serious problem. In short, they treat the envy of the richest subject equally with that of the poorest subject. So, we try to modify Feldman and Kirman (1974) from the point of justice and we introduce such a discounted envy that we discount envy each subject feel by the envy felt by the other subject, and we reconsider the problem of evaluation and compensation.

Suggested Citation

  • Hobara, Nobuhiro, 2021. "Trial to count the discounted envy; Evaluation and Compensation," Discussion Paper Series 728, Institute of Economic Research, Hitotsubashi University.
    • Handle: RePEc:hit:hituec:728
    Note: December 7, 2021
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    File URL: https://hermes-ir.lib.hit-u.ac.jp/hermes/ir/re/72522/DP728.pdf
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    References listed on IDEAS

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    1. Daniel, Terrence E., 1975. "A revised concept of distributional equity," Journal of Economic Theory, Elsevier, vol. 11(1), pages 94-109, August.
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    More about this item

    Keywords

    envy(no-envy) fairness; extended utility function; distribution; evaluation;
    All these keywords.

    JEL classification:

    • H89 - Public Economics - - Miscellaneous Issues - - - Other
    • I30 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General
    • D39 - Microeconomics - - Distribution - - - Other
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement

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