How to be absolutely fair Part II: Philosophy meets economics

In the article ‘How to be absolutely fair, Part I: the Fairness formula’, we presented the first theory of comparative and absolute fairness. Here, we relate the implications of our Fairness formula to economic theories of fair division. Our analysis makes contributions to both philosophy and econom...

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Bibliographic Details
Published inEconomics and philosophy Vol. 40; no. 3; pp. 650 - 672
Main Authors Wintein, Stefan, Heilmann, Conrad
Format Journal Article
LanguageEnglish
Published Cambridge, UK Cambridge University Press 01.11.2024
Subjects
fairness
(weighted) bankruptcy problems
claims
proportionality
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ISSN0266-2671
1474-0028
DOI10.1017/S026626712300041X

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Summary:In the article ‘How to be absolutely fair, Part I: the Fairness formula’, we presented the first theory of comparative and absolute fairness. Here, we relate the implications of our Fairness formula to economic theories of fair division. Our analysis makes contributions to both philosophy and economics: to the philosophical literature, we add an axiomatic discussion of proportionality and fairness. To the economic literature, we add an appealing normative theory of absolute and comparative fairness that can be used to evaluate axioms and division rules. Also, we provide a novel definition and characterization of the absolute priority rule.
ISSN:0266-2671
1474-0028
DOI:10.1017/S026626712300041X