propose a new property of fairness: no price envy. It extends the standard no envy test (Foley, 1967) over bundles to prices … (per-unit payments), and requires no agent envy other agents' prices to his own in the sense that if he has a chance to … no price envy and no subsidy for losers if and only if it is an inverse uniform-price rule. Then, we identify the unique …

having lower resources and, in the other case, for the feeling of envy that is generated by those having higher resources. We … for the presence of envy and compassion might lead to different rankings. …

We take into account that envy (relative consumption concerns) is more pronounced in the present than in the future. We … exogenous parameters. Agents' preferences exhibit present-biased envy: agents are naive and care about how their consumption … levels compare to that of others in the current period. Our results suggest that present-biased envy affects both the level …

We give a mechanism fully implementing envy-free divisions such that: strategy spaces are symmetric, the set of Nash …