CONTROLLING BANKERS' BONUSES: EFFICIENT REGULATION OR POLITICS OF ENVY?
نویسندگان
چکیده
منابع مشابه
Envy, Politics, and Age
In the last 5 years, the phrase "politics of envy" has appeared more than 621 times in English-language newspapers, generally in opinion essays contending that political liberalism reflects and exploits feelings of envy. Oddly, this assertion has not been tested empirically. We did so with a large adult sample (n = 357). Participants completed a Dispositional Envy Scale and questions about poli...
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In economics the main efficiency criterion is that of Pareto-optimality. For problems of distributing a social endowment a central notion of fairness is no-envy (each agent should receive a bundle at least as good, according to her own preferences, as any of the other agent’s bundle). For most economies there are multiple allocations satisfying these two properties. We provide a procedure, base...
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Division of a resource among multiple agents is a frequent problem in multiagent systems and fair, efficient, and decentralized allocation procedures are highly valued. A division of a resource or good is envy-free when every agent believes that its share is not less than anyone else’s share by its own estimate. As envy-free procedures are not efficient (in the sense of Pareto optimality) we ha...
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ژورنال
عنوان ژورنال: Economic Affairs
سال: 2010
ISSN: 0265-0665,1468-0270
DOI: 10.1111/j.1468-0270.2009.01977.x