This paper analyzes criteria of fair division of a set of indivisible items among people whose revealed preferences are limited to rankings of the items and for whom no side payments are allowed. The criteria include refinements of Pareto optimality and envy-freeness as well as dominance-freeness, evenness of shares, and two criteria based on equally-spaced surrogate utilities, referred to as maxsum and equimax. Maxsum maximizes a measure of aggregate utility or welfare, whereas equimax lexicographically maximizes persons' utilities from smallest to (...) largest. The paper analyzes conflicts among the criteria along with possibilities and pitfalls of achieving fair division in a variety of circumstances. (shrink)

This paper formulates and axiomatizes utility models for denumerable time streams that make no commitment in regard to discounting future outcomes. The models address decision under certainty and decision under risk. Independence assumptions in both contexts lead to additive or multiplicative utilities over time periods that allow unambiguous comparisons of the relative importance of different periods. The models accommodate all patterns of future valuation. This discount-neutral feature is attained by restricting preference comparisons to outcome streams or probability distributions on outcome (...) streams that differ in at most a finite number of periods. (shrink)

a–b* c–d is taken to mean that your degree of preference for a over b is less than your degree of preference for c over d. Various properties of the strength-of-preference comparison relation * are examined along with properties of simple preferences defined from *. The investigation recognizes an individual's limited ability to make precise judgments. Several utility theorems relating a–b * c–d to u(a)–u(b) are included.

Axiomatizations of ordered preference differences typically assume that preferences are ordered. However, the mere assumption that preference differences can be ordered says nothing about whether preferences themselves are ordered. Utility representations for ordered differences without ordered preferences are investigated.