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Patience ensures fairness

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arxiv 2311.06092 v3 pith:DYF4YXCA submitted 2023-11-10 econ.TH

classification econ.TH
keywords thresholdpatienceagentagentsallocationleastlowerpatient
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We revisit the problem of fairly allocating a sequence of time slots when agents may have different levels of patience (Mackenzie and Komornik 2023). For each number of agents, we provide a lower threshold and an upper threshold on the level of patience such that (i) if each agent is at least as patient as the lower threshold, then there is a proportional allocation, and (ii) if each agent is at least as patient as the upper threshold and moreover has weak preference for earlier time slots, then there is an envy-free allocation. In both cases, the proof is constructive.

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