Fair division

Cutting a cake, dividing up the property in an estate, determining the borders in an international dispute - such problems of fair division are ubiquitous. Fair division treats all these problems and many more through a rigorous analysis of a variety of procedures for allocating goods (or "bads" like chores), or deciding who wins on what issues, when there are disputes. Starting with an analysis of the well-known cake-cutting procedure, "I cut, you choose," the authors show how it has been adapted in a number of fields and then analyze fair-division procedures applicable to situations in…