Fair Division of Goods with Market Values

10/03/2019

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by   Marco Dall'Aglio, et al.

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Inheritances, divorces or liquidations of companies require that a common asset is divided among the entitled parties. Legal methods usually consider the market value of goods, while fair division procedures take into account the parties' preferences expressed as cardinal utilities. We combine the two practices to define two procedures that optimally allocate goods with market values to people with preferences.