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Competitive fair division.

Several indivisible goods are to be divided among two or more players, whose bids for the goods determine their prices. An equitable assignment of the goods at competitive prices is given by a fair-division procedure, called the Gap Procedure, that ensures (1) nonnegative prices that never exceed t...

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Published in:Journal of Political Economy Vol. 109; no. 2; pp. 418 - 444
Main Authors: Brams, Steven J., Kilgour, D. Marc
Format: Article
Published: University of Chicago Press April 2001
Subjects:
Economics
Indivisibles (Philosophy)
Game theory
Resource allocation > Mathematical models
Fairness
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