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Luojia Economics and Management Innovation Forum No. 91-Mathematical Economics and Finance Forum
Date:2024-04-03

Topic:  Ex Ante Fair Division: a general approach

Speaker: Hervé Moulin,  Professor, University of Glasgow


Time: April 10, 2024, 14:00

Venue: EMS121


Abstract: This paper studies the ex ante fair allocation of indivisible items with cash compensations. We describe the set of maximal lower/minimal upper ex ante bounds with a general approach. This paper finds that choosing a pair of extremal guarantees (one lower, one upper) severely restricts the range of feasible allocations. We have the full characterization for super- or sub-modular surplus functions.


Guest Bio:  Hervé Moulin graduated in 1971 from the Ecole Normale Superieure in Paris and received his PhD in mathematics from the Université de Paris in 1975. After teaching at the Ecole Nationale de la Statistique et Administration Economique and Dauphine University in Paris, he moved to the USA in 1984, first to the Virginia Polytechnic Institute and State University, then to Duke and Rice Universities. He joined the University of Glasgow in 2013. He is a Fellow of the Econometric Society since 1983, of the Royal Society of Edinburgh since 2015, and of the British Academy since 2018.