Abstract
This paper analyses the problems arising in the pure exchange fair division model, when some dimensions of the resources are personal, fixed, and cannot be redistributed. The remaining resources must then be allocated in a compensatory way. A set of desirable normative properties is defined. No-envy satisfies these properties, but is not generally non-empty in this setting and other criteria are examined, for which existence results are given. General impossibility results obtain. In particular, it is generally impossible to compensate fully and only for differential personal resources, when preferences differ.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 277-307 |
| Number of pages | 31 |
| Journal | Theory and Decision |
| Volume | 36 |
| Issue number | 3 |
| DOIs | |
| State | Published - May 1994 |
| Externally published | Yes |
All Science Journal Classification (ASJC) codes
- General Decision Sciences
- Developmental and Educational Psychology
- Arts and Humanities (miscellaneous)
- General Economics, Econometrics and Finance
- Applied Psychology
- Computer Science Applications
- General Social Sciences
Keywords
- Compensation
- equality of resources
- extended preferences
- justice
- no-envy