Fair Division
Equitability in fair division means every person’s subjective valuation of their own share of some goods is the same. The surplus procedure (SP) achieves a more complex variant called proportional equitability. For more than 2 people a division cannot always both be equitable and envy-free.
Read more about this topic: Equity (economics)
Famous quotes containing the words fair and/or division:
“It is an old adage, “All is fair in love as in war,” but I thought not of general laws, and only felt a private grievance.”
—Jane Grey Swisshelm (1815–1884)
“Between married persons, the cement of friendship is by the laws supposed so strong as to abolish all division of possessions: and has often, in reality, the force ascribed to it.
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—David Hume (1711–1776)