Envy: The biochemical substrates

Envy, Multi Envy, and Revenue Maximization

We study the envy free pricing problem faced by a seller who wishes to maximize revenue by setting prices for bundles of items. Consistent with standard usage [9] [10], we define an allocation/pricing to be envy free if no agent wishes to replace her allocation (and pricing) with those of another agent. If there is an unlimited supply of items and agents are single minded then we show that find...

Interactions of Cannabinoids With Biochemical Substrates

Recent decades have seen much progress in the identification and characterization of cannabinoid receptors and the elucidation of the mechanisms by which derivatives of the Cannabis sativa plant bind to receptors and produce their physiological and psychological effects. The information generated in this process has enabled better understanding of the fundamental physiological and psychological...

The Two Sides of Envy∗

The two sides of envy, destructive and constructive, give rise to qualitatively different equilibria, depending on the economic, institutional, and cultural environment. If investment opportunities are scarce, inequality is high, property rights are poorly protected, and social comparisons are strong, society is likely to be in the “fear equilibrium,” in which better endowed agents restrain the...

Envy Theory

Envy-Free and Efficient Minimal Rights: Recursive No-Envy

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...