• Table of Contents
    • Abstract
    • Keywords
    • Article
      • 1 Concepts
      • 2 Economies with production
      • 3 Equal opportunities as equal, or equivalent, choice sets
      • 4 Monotonicity
      • 5 Consistency and related properties
      • 6 Indivisible goods
      • 7 Single-peaked preferences
      • 8 Non-homogeneous continuum
      • 9 Other domains
    • See Also
    • Bibliography
    • How to cite this article

fair allocation

William Thomson
From The New Palgrave Dictionary of Economics, Second Edition, 2008
Edited by Steven N. Durlauf and Lawrence E. Blume
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We survey the theory of equity in a variety of concretely specified resource allocation models: classical economies with private goods, economies with production, economies with indivisible goods, when monetary compensations are feasible and when they are not, economies with single-peaked preferences, and economies in which the dividend is a non-homogeneous continuum. We present the central fairness punctual notions, no-envy, egalitarian-equivalence, concepts of equal or equivalent opportunities and the relational principles of monotonicity and consistency.
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See Also

The author would like to thank the National Science Foundation for its support under grant SES 0214691.
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How to cite this article

Thomson, William. "fair allocation." The New Palgrave Dictionary of Economics. Second Edition. Eds. Steven N. Durlauf and Lawrence E. Blume. Palgrave Macmillan, 2008. The New Palgrave Dictionary of Economics Online. Palgrave Macmillan. 13 December 2017 <http://www.dictionaryofeconomics.com/article?id=pde2008_F000303> doi:10.1057/9780230226203.0547

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