Trial to count the discounted envy; Evaluation and Compensation

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.

December 7, 2021

Institute of Economic Research, Hitotsubashi University

2021-12

English(eng)

technical report

VoR

AA11476336

16

Discussion paper series / Institute of Economic Research, Hitotsubashi University

https://hdl.handle.net/10086/72522