Fair Division

This article provides a review of the literature on fair division, which has flourished in recent years. It focuses on three different literatures in the field: the allocation of several indivisible goods, the division of a single heterogeneous good, and the division, in whole or in part, of several divisible goods. The article discusses problems that arise in allocating indivisible goods, and highlights the trade-offs that must be made when not all of the criteria of fairness can be satisfied at the same time. It also describes and provides the procedures for dividing divisible goods fairly, which is based on different criteria of fairness.