PROCEDURES OF FAIR DIVISION OF A SET OF INDIVISIBLE GOODS WITH MONEY Cover Image

PROCEDURY PODZIAŁU ZBIORU DÓBR NIEPODZIELNYCH Z REKOMPENSATAMI PIENIĘŻNYMI
PROCEDURES OF FAIR DIVISION OF A SET OF INDIVISIBLE GOODS WITH MONEY

Author(s): Marek Bożykowski
Subject(s): Economy
Published by: Akademia Leona Koźmińskiego
Keywords: fair division; indivisible goods; Knaster; Adjusted Knaster; envyfreeness; equitability

Summary/Abstract: The paper presents and compares four nonprobabilistic procedures of fair division of a set of indivisible goods with money: Original Knaster, Adjusted Knaster, Equal Shares and Second Prices. The last two are presented for the first time in the article. The analysis concerns the formal properties of those methods, namely: strong Pareto optimality, proportionality, envy-freeness, fairness, strategy-proofness and anonymity. Moreover, classes of situations in which those procedures meet aforementioned properties will be compared.

  • Issue Year: 2011
  • Issue No: 15
  • Page Range: 5-22
  • Page Count: 18
  • Language: Polish