Revision as of 02:42, 11 April 2006

Definitions

For convenience, the below definitions assume a world with two individuals, A and B, and two goods, X and Y

If A prefers to his own bundle, the bundle of goods held by B, A is said to envy B.

The distribution of goods X and Y is fair if no envy is involved.

If the bundles held by both A and B can be reduced without giving rise to envy, then the distribution is superfair.

@@ Line 15: / Line 15: @@
 *'''Superfairness'''<nowiki>:</nowiki>
-::
+::If the bundles held by both A and B can be reduced without giving rise to envy, then the distribution is ''superfair''.
-*'''Strict Superfairness'''<nowiki>:</nowiki>
-::If A ''strictly'' prefers his bundle to the bundle received by B (and vice versa), then the distribution of goods X and Y is said to be ''strictly superfair''.  That is, if
-::If the bundle received by each individual is ''strictly'' preferred by that individual to the bundles received by
 =<center>Properties of Fariness</center>=