Fair Division of Indivisible Items between Two People with Identical Preferences: Envy-Freeness, Pareto-Optimality, and Equity
This paper focuses on the fair division of a set of indivisible items between two people when both have the same linear preference order on the items but may have different preferences over subsets of items. Surprisingly, divisions that are envy-free, Pareto-optimal, and ensure that the less well-off person does as well as possible (i.e., are equitable) can often be achived. Preferences between subsets are assumed to satisfy axioms of qualitative probability without implying the existence of additive utilities, which is treated as a special case.
|Date of creation:||1998|
|Date of revision:|
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|Order Information:|| Postal: C.V. Starr Center, Department of Economics, New York University, 19 W. 4th Street, 6th Floor, New York, NY 10012|
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