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Guarantees in Fair Division: General or Monotone Preferences

Author

Listed:
  • Anna Bogomolnaia

    (HSE St Petersburg - Higher School of Economics - St Petersburg, University of Glasgow, CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique)

  • Hervé Moulin

    (University of Glasgow, HSE St Petersburg - Higher School of Economics - St Petersburg, CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique)

Abstract
When dividing a "manna" Ω of private items (commodities, workloads, land, time slots) between n agents, the individual guarantee is the welfare each agent can secure in the worst case of other agents' preferences and actions. If the manna is nonatomic and utilities are continuous (not necessarily monotone or convex) the minmax utility, that of our agent's best share in the agent's worst partition of the manna, is guaranteed by Kuhn's generalization of divide and choose. The larger maxmin utility—of the agent's worst share in the agent's best partition—cannot be guaranteed even for two agents. If, for all agents, more manna is better than less (or less is better than more), the new bid and choose rules offer guarantees between minmax and maxmin by letting agents bid for the smallest (or largest) size of a share they find acceptable.

Suggested Citation

  • Anna Bogomolnaia & Hervé Moulin, 2022. "Guarantees in Fair Division: General or Monotone Preferences," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-03886828, HAL.
    • Handle: RePEc:hal:cesptp:hal-03886828
    DOI: 10.1287/moor.2022.1255
    Note: View the original document on HAL open archive server: https://hal.science/hal-03886828
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    References listed on IDEAS

    as
    1. Anna Bogomolnaia & Hervé Moulin & Fedor Sandomirskiy & Elena Yanovskaya, 2017. "Competitive Division of a Mixed Manna," Econometrica, Econometric Society, vol. 85(6), pages 1847-1871, November.
    2. Moulin, Herve, 1992. "Welfare bounds in the cooperative production problem," Games and Economic Behavior, Elsevier, vol. 4(3), pages 373-401, July.
    3. Mount, Kenneth & Reiter, Stanley, 1974. "The informational size of message spaces," Journal of Economic Theory, Elsevier, vol. 8(2), pages 161-192, June.
    4. repec:bla:scandj:v:94:y:1992:i:1:p:37-51 is not listed on IDEAS
    5. Barbera, Salvador & Dutta, Bhaskar, 1982. "Implementability via protective equilibria," Journal of Mathematical Economics, Elsevier, vol. 10(1), pages 49-65, June.
    6. Anna Bogomolnaia & Hervé Moulin & Fedor Sandomirskiy & Elena Yanovskaia, 2019. "Dividing bads under additive utilities," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 52(3), pages 395-417, March.
    7. Agnes Cseh & Tamás Fleiner, 2018. "The complexity of cake cutting with unequal shares," CERS-IE WORKING PAPERS 1819, Institute of Economics, Centre for Economic and Regional Studies.
    8. Segal-Halevi, Erel & Nitzan, Shmuel & Hassidim, Avinatan & Aumann, Yonatan, 2017. "Fair and square: Cake-cutting in two dimensions," Journal of Mathematical Economics, Elsevier, vol. 70(C), pages 1-28.
    9. Eric Budish, 2011. "The Combinatorial Assignment Problem: Approximate Competitive Equilibrium from Equal Incomes," Journal of Political Economy, University of Chicago Press, vol. 119(6), pages 1061-1103.
    10. Berliant, Marcus & Thomson, William & Dunz, Karl, 1992. "On the fair division of a heterogeneous commodity," Journal of Mathematical Economics, Elsevier, vol. 21(3), pages 201-216.
    11. Hervé Moulin, 2019. "Fair Division in the Internet Age," Annual Review of Economics, Annual Reviews, vol. 11(1), pages 407-441, August.
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    Cited by:

    1. Anna Bogomolnaia & Herve Moulin, 2022. "Fair Division with Money and Prices," Papers 2202.08117, arXiv.org.

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    Keywords

    fair division; divide and choose; guarantees; nonatomic utilities;
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