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Fairly taking turns

Author

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  • Mackenzie, Andrew
  • Komornik, Vilmos

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.

Suggested Citation

  • Mackenzie, Andrew & Komornik, Vilmos, 2023. "Fairly taking turns," Games and Economic Behavior, Elsevier, vol. 142(C), pages 743-764.
    • Handle: RePEc:eee:gamebe:v:142:y:2023:i:c:p:743-764
    DOI: 10.1016/j.geb.2023.09.005
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    More about this item

    Keywords

    Fair division; Intertemporal choice;

    JEL classification:

    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations

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