A characterization of maximum Nash welfare for indivisible goods

Warut Suksompong

Economics Letters, 2023, vol. 222, issue C

Abstract: In the allocation of indivisible goods, the maximum Nash welfare (MNW) rule, which chooses an allocation maximizing the product of the agents’ utilities, has received substantial attention for its fairness. We characterize MNW as the only additive welfarist rule that satisfies envy-freeness up to one good. Our characterization holds even in the simplest setting of two agents.

Keywords: Fair division; Indivisible goods; Maximum Nash welfare (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:222:y:2023:i:c:s016517652200430x

DOI: 10.1016/j.econlet.2022.110956

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