How much inequality in income is fair? A microeconomic game theoretic perspective

DOI10.1016/j.physa.2015.04.014zbMath1400.91171OpenAlexW2023249906MaRDI QIDQ1618605

Jay Sethuraman, Venkat Venkatasubramanian, Yu Luo

Publication date: 13 November 2018

Published in: Physica A (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.physa.2015.04.014

zbMATH Keywords

fairnessgame theorymaximum entropyincome inequalityCEO pay

Mathematics Subject Classification ID

Applications of game theory (91A80) Welfare economics (91B15)

Cites Work

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• Classical thermodynamics and economic general equilibrium theory
• The statistical mechanics of strategic interaction
• Pay-performance sensitivity and production uncertainty
• Potential games
• Strong, weak and false inverse power laws
• Econophysics and Physical Economics
• Information Theory and Statistical Mechanics
• The Dynamics of Incentive Contracts
• A Theory of Fairness, Competition, and Cooperation
• A Brief History of Generative Models for Power Law and Lognormal Distributions
• Statistical Mechanics of Games

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