Fairly taking turns

Andrew Mackenzie and Vilmos Komornik

Games and Economic Behavior, 2023, vol. 142, issue C, 743-764

Abstract: We investigate the fair division of a sequence of time slots when each agent is sufficiently patient. If agents have identical preferences, then we construct perfectly equitable and efficient allocations. Otherwise, (i) if there are two agents, then we construct envy-free allocations, (ii) if there are three agents, then we construct proportional allocations, and (iii) in general, we construct approximately fair allocations. Finally, we investigate achieving approximate fairness at each time period, strategy-proofness, and a notion of computational simplicity.

Keywords: Fair division; Intertemporal choice (search for similar items in EconPapers)
JEL-codes: D63 D71 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:eee:gamebe:v:142:y:2023:i:c:p:743-764

DOI: 10.1016/j.geb.2023.09.005

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