Abstract
Depending on the user’s inclinations, ‘equity’ can mean almost anything; this user will adopt a meaning which has been followed by economists and other social scientists since the late 1960s (see particularly Foley 1967), a meaning close to equality or fairness.
This chapter was originally published in The New Palgrave: A Dictionary of Economics, 1st edition, 1987. Edited by John Eatwell, Murray Milgate and Peter Newman
Bibliography
Baumol, W. 1982. Applied fairness theory and rationing policy. American Economic Review 72(4): 639–651.
Feldman, A., and A. Kirman. 1974. Fairness and envy. American Economic Review 64(6): 995–1005.
Foley, D. 1967. Resource allocation and the public sector. Yale Economic Essays 7(1): 45–98.
Goldman, S., and C. Sussangkarn. 1978. The concept of fairness. Journal of Economic Theory 19(1): 210–216.
Kolm, S.-C. 1972. Justice et équité. Paris: Editions du Centre de la Recherche Scientifique.
Pazner, E. 1976. Recent thinking on economic justice. Journal of Peace Science.
Pazner, E., and D. Schmeidler. 1974. A difficulty in the concept of fairness. Review of Economic Studies 41(3): 441–443.
Pazner, E., and D. Schmeidler. 1978. Egalitarian equivalent allocations: A new concept of economic equity. Quarterly Journal of Economics 92(4): 671–687.
Schmeidler, D., and K. Vind. 1972. Fair net trades. Econometrica 40(4): 637–642.
Varian, H. 1974. Equity, envy and efficiency. Journal of Economic Theory 9(1): 63–91.
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Copyright information
© 1987 The Author(s)
About this entry
Cite this entry
Feldman, A.M. (1987). Equity. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95121-5_18-1
Download citation
DOI: https://doi.org/10.1057/978-1-349-95121-5_18-1
Received:
Accepted:
Published:
Publisher Name: Palgrave Macmillan, London
Online ISBN: 978-1-349-95121-5
eBook Packages: Springer Reference Economics and FinanceReference Module Humanities and Social SciencesReference Module Business, Economics and Social Sciences