How fair is an equitable distribution?
Physics and Society
2009-11-11 v3 General Finance
Abstract
Envy is a rather complex and irrational emotion. In general, it is very difficult to obtain a measure of this feeling, but in an economical context envy becomes an observable which can be measured. When various individuals compare their possessions, envy arises due to the inequality of their different allocations of commodities and different preferences. In this paper we show that an equitable distribution of goods does not guarantee a state of fairness between agents and in general that envy cannot be controlled by tuning the distribution of goods.
Cite
@article{arxiv.physics/0603166,
title = {How fair is an equitable distribution?},
author = {Elena Ramirez Barrios and J. G. Diaz Ochoa and Johannes J. Schneider},
journal= {arXiv preprint arXiv:physics/0603166},
year = {2009}
}
Comments
16 pages, 8 figures, LaTEX; typos added; minor changes in plots; two new plots added; references added; minor changes in the acknowledgments