Abstract
This chapter examines various conditions that influence a fair distribution of resources. The natural policy that offered itself as a salient solution and passed the no-envy test and therefore most of the other fairness requirements, is not available in other cases. This problem is due to a basic conflict between the compensation principle and the liberal reward principle in cases when responsibility characteristics interfere with the relative importance of circumstances and transfers in the determination of well-being. The chapter also considers the trade-off between compensation and neutrality, along with the Egalitarian-Equivalence and Conditional Equality solutions.
Original language | English (US) |
---|---|
Title of host publication | Fairness, Responsibility, and Welfare |
Publisher | Oxford University Press |
ISBN (Electronic) | 9780191808579 |
ISBN (Print) | 9780199215911 |
DOIs | |
State | Published - Apr 30 2015 |
Externally published | Yes |
All Science Journal Classification (ASJC) codes
- General Economics, Econometrics and Finance
Keywords
- Compensation principle
- Conditional equality
- Egalitarian-equivalence
- Fair distribution
- Fairness
- Liberal reward principle
- Neutrality
- No-envy test
- Responsibility
- Well-being