Fair division of a single homogeneous resource

Fair division of a single homogeneous resource is one of the simplest settings in fair division problems. There is a single resource that should be divided between several people. The challenge is that each person derives a different utility from each amount of the resource. Hence, there are several conflicting principles for deciding how the resource should be divided. A primary conflict is between efficiency and equality. Efficiency is represented by the utilitarian rule, which maximizes the sum of utilities; equality is represented by the egalitarian rule, which maximizes the minimum utility.

This keyword could refer to multiple things. Here are some suggestions: