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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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 $1/n$ ...
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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 ...