Trial to count the discounted envy; Evaluation and Compensation

Nobuhiro Hobara

No 728, Discussion Paper Series from Institute of Economic Research, Hitotsubashi University

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.

Keywords: envy(no-envy) fairness; extended utility function; distribution; evaluation (search for similar items in EconPapers)
JEL-codes: D39 D63 H89 I30 (search for similar items in EconPapers)
Pages: 16 pages
Date: 2021-12
New Economics Papers: this item is included in nep-upt
Note: December 7, 2021
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Persistent link: https://EconPapers.repec.org/RePEc:hit:hituec:728

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