Fair Allocation of Indivisible Goods: Improvement
Mohammad Ghodsi (),
Mohammad Taghi Hajiaghayi (),
Masoud Seddighin (),
Saeed Seddighin () and
Hadi Yami ()
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Mohammad Ghodsi: Department of Computer Engineering, Sharif University of Technology, Tehran 11365-11155, Iran
Mohammad Taghi Hajiaghayi: School of Computer Science, Institute for Research in Fundamental Sciences, Tehran 19538-3351, Iran
Masoud Seddighin: Department of Computer Engineering, Sharif University of Technology, Tehran 11365-11155, Iran
Saeed Seddighin: School of Computer Science, Institute for Research in Fundamental Sciences, Tehran 19538-3351, Iran
Hadi Yami: School of Computer Science, Institute for Research in Fundamental Sciences, Tehran 19538-3351, Iran
Mathematics of Operations Research, 2021, vol. 46, issue 3, 1038-1053
Abstract:
We study the problem of fair allocation for indivisible goods. We use the maximin share paradigm introduced by Budish [Budish E (2011) The combinatorial assignment problem: Approximate competitive equilibrium from equal incomes. J. Political Econom . 119(6):1061–1103.] as a measure of fairness. Kurokawa et al. [Kurokawa D, Procaccia AD, Wang J (2018) Fair enough: Guaranteeing approximate maximin shares. J. ACM 65(2):8.] were the first to investigate this fundamental problem in the additive setting. They showed that in delicately constructed examples, not everyone can obtain a utility of at least her maximin value. They mitigated this impossibility result with a beautiful observation: no matter how the utility functions are made, we always can allocate the items to the agents to guarantee each agent’s utility is at least 2/3 of her maximin value. They left open whether this bound can be improved. Our main contribution answers this question in the affirmative. We improve their approximation result to a 3/4 factor guarantee.
Keywords: Primary: 91B32; secondary: 68W25; Primary: game theory/economics/social and behavioral sciences; fairness; maximin share; approximation (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:inm:ormoor:v:46:y:2021:i:3:p:1038-1053
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