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Impartial division of a dollar

Author

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  • de Clippel, Geoffroy
  • Moulin, Herve
  • Tideman, Nicolaus

Abstract

For impartial division, each participant reports only her opinion about the fair relative shares of the other participants, and this report has no effect on her own share. If a specific division is compatible with all reports, it is implemented. We propose a family of natural methods meeting these requirements, for a division among four or more participants. No such method exists for a division among three participants.

Suggested Citation

  • de Clippel, Geoffroy & Moulin, Herve & Tideman, Nicolaus, 2008. "Impartial division of a dollar," Journal of Economic Theory, Elsevier, vol. 139(1), pages 176-191, March.
    • Handle: RePEc:eee:jetheo:v:139:y:2008:i:1:p:176-191
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    References listed on IDEAS

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    1. Thomson, William, 2003. "Axiomatic and game-theoretic analysis of bankruptcy and taxation problems: a survey," Mathematical Social Sciences, Elsevier, vol. 45(3), pages 249-297, July.
    2. List, Christian & Pettit, Philip, 2002. "Aggregating Sets of Judgments: An Impossibility Result," Economics and Philosophy, Cambridge University Press, vol. 18(1), pages 89-110, April.
    3. W. M. Gorman, 1968. "The Structure of Utility Functions," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 35(4), pages 367-390.
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