How to obtain an equitable optimal fair division
Jerzy Legut ()
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Jerzy Legut: Wrocław University of Science and Technology
Annals of Operations Research, 2020, vol. 284, issue 1, No 14, 323-332
Abstract:
Abstract A nonlinear programming method is used for finding an equitable optimal fair division of the unit interval [0, 1) among n players. Players’ preferences are described by nonatomic probability measures $$\mu _{1},\ldots ,\mu _{n}$$μ1,…,μn with density functions having piecewise strict monotone likelihood ratio property. The presented algorithm can be used to obtain also an equitable $$\varepsilon $$ε-optimal fair division in case of measures with arbitrary differentiable density functions. An example of an equitable optimal fair division for three players is given.
Keywords: Fair division; Cake cutting; Optimal partitioning of a measurable space (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:spr:annopr:v:284:y:2020:i:1:d:10.1007_s10479-018-3053-2
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DOI: 10.1007/s10479-018-3053-2
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