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Economics

2002

Indivisibility

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Full-Text Articles in Social and Behavioral Sciences

An Optimal Fair Job Assignment Problem, Zaifu Yang Jan 2002

An Optimal Fair Job Assignment Problem, Zaifu Yang

Cowles Foundation Discussion Papers

We study the problem of how to allocate a set of indivisible objects like jobs or houses and an amount of money among a group of people as fairly and as efficiently as possible. A particular constraint for such an allocation is that every person should be assigned with the same number of objects in his or her bundle. The preferences of people depend on the bundle of objects and the quantity of money they take. We propose a solution to this problem, called a perfectly fair allocation. It is shown that every perfectly fair allocation is efficient and envy-free, …