Toss one’s cake, and eat it too: partial divisions can improve social welfare in cake cutting
Social Choice and Welfare, Volume 46, Issue 4, 2015, Pages 1-22.
Abstract We consider the problem of fairly dividing a heterogeneous good (a.k.a. “cake”) between a number of players with different tastes. In this setting, it is known that fairness requirements may result in a suboptimal division from the social welfare standpoint. Here we show that, in some cases, leaving some of the cake unallocated, ...More
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