Fair item allocation

Fair allocation of items and money

Fair allocation of items and money is a class of fair item allocation problems in which, during the allocation process, it is possible to give or take money from some of the participants. Without money, it may be impossible to allocate indivisible items fairly. For example, if there is one item and two people, and the item must be given entirely to one of them, the allocation will be unfair towards the other one. Monetary payments make it possible to attain fairness, as explained below. (Wikipedia).

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Envy-graph procedure | Utilitarian rule | Monotonic function | Competitive equilibrium | Makespan | Maximum weight matching | Continuous function | Envy-free pricing | Fair item allocation | Proportional item allocation | Pareto efficiency | Envy-free item allocation | Strategyproofness | Round-robin item allocation | Bipartite graph | Rental harmony | Entitlement (fair division) | Envy-freeness | 3-dimensional matching | Hugo Steinhaus | Leximin order | Budget-balanced mechanism