: SAGE: envy-free theory

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envy-free theory

Envy-free theory addresses the dilemma of allocating scarce resources through the use of complex mathematical formulae so that each individual believes that his or her share is equal to or better than that of anyone else who takes part in this resource sharing. The purpose of devising these mathematical formulae is to reduce or eliminate the envy that one individual may feel against another after the resource in question is allocated. [Source: Encyclopedia of Business Ethics and Society; Envy-Free Theory]

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