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Questions tagged [fairness]

Economic investigations of fairness provide precise definitions for fairness of allocations or decision rules. This tag has very little to do with what you 'feel' to be fair, desirable, just, unless you can define these concepts in a precise, formal, generally applicable way.

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2answers
171 views

Opportunity profits vs. opportunity costs

Having learned that Opportunity costs = the costs for avoided profits are a well established and quite useful economic concept, I wonder how its counterpart is officially called and investigated: ...
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1answer
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Puzzle: Fairness of consumer price indices

I have learned a bit how the consumer price index (= inflation rate) in Germany is calculated. It's a complex process, which takes into account a lot of measured values (mainly specific prices for ...
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1answer
48 views

Is corporate tax an argument in equal income tax (from labour and capital) debate and does the return on capital depend on rate of the corporate tax?

In our country we have 25% personal income tax on labour, 15% corporate tax on corporations and 10% personal income tax on income from capital (e.g. dividends). Pundits in our country are saying that ...
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1answer
48 views

In a trading economy with many agents, can two agents with the same income envy eachother?

In a economy with an arbitrary number of agents whose preferences all satisfy the usual equilibrium conditions and with each starting with a random starting endownment, are there any two agents with ...
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1answer
65 views

“Fairness” exists or not in the real world [closed]

What is "Fairness"? Does "Fairness" exist in the world? Thanks, Marx
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4answers
435 views

Fair and efficient allocation of “family goods”

Consider an exchange economy with two goods, e.g. home furniture (x) and electrical equipment (y). The interesting thing about these goods is that, when a family owns a bundle, all members of the ...
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0answers
685 views

An economy with no Pareto-efficient envy-free allocations

In a famous paper from 1974, Hal Varian proved (in Theorem 2.3) that: In an economy with homogeneous divisible googs, if all agents have monotonic and convex preferences, then there exists an ...
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1answer
98 views

Ordinal axiomatization of proportional division

A proportional division is a kind of fair division in which a resource is divided among $n$ partners with subjective valuations, and each partner receives a share which is worth for him at least $1/n$ ...