Fair division of a single homogeneous resource information
Fair division of a single homogeneous resource is one of the simplest settings in fair division problems. There is a single resource that should be divided between several people. The challenge is that each person derives a different utility from each amount of the resource. Hence, there are several conflicting principles for deciding how the resource should be divided. A primary conflict is between efficiency and equality. Efficiency is represented by the utilitarian rule, which maximizes the sum of utilities; equality is represented by the egalitarian rule, which maximizes the minimum utility.[1]: sub.2.5
^Herve Moulin (2004). Fair Division and Collective Welfare. Cambridge, Massachusetts: MIT Press. ISBN 9780262134231.
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