Computer-based method for the fair division of ownership of good

Details Computer-based method for the fair division of ownership of good Computer-based method for the fair division of ownership of good

1999-04-05

1999-11-09

MacDonald, Allen R.

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

Finance

705 1, 705 10, G06F 1900

Patent

active

059832053

ABSTRACT:
Two methods, "Adjusted Winner (AW)" and "Proportional Allocation (PA)," are provided for the fair division of a collection of items, which could be either real goods or issues in a dispute, between two claimants (parties). The methods can be implemented as a digital computer software program. In both methods, the parties are each given 100 points and then bid on each item using their points. Under the AW method, which is applicable to indivisible items, each party is initially allocated those goods, or wins on those issues, for which it bids the higher number of points. Then the goods or issues are reassigned, or resolved differently, to achieve equality of points based on the quotients of the parties' bids. Under PA, each good or issue is divided according to a ratio based on both parties' bids for that good or issue.

REFERENCES:
patent: 5495412 (1996-02-01), Theissen
Brams, Steven J. and Alan D. taylor, "Fair Division: From Cake-cutting to Dispute resolution", Cambridge University Press, (1996).
Brams, Steven J. and Alan D. taylor, "A Procedure for Divorce Settlements", Economic Research Reports, (Feb. 1996), pp. 1-26.
Denoon, David and steven J. Brams, "Fair Division: A New Approach to the Spratly Islands controversy", Economic Research Reports, (Mar. 1996).
Brams, Steven J. , D. Marc Kilgour & William S. Zwicker, "The Paradox of Multiple Elections", Economic Research Reports, (Mar. 1996).

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