A Characterization of Maximum Nash Welfare for Indivisible Goods

Warut Suksompong

Papers from arXiv.org

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.

Date: 2022-12, Revised 2022-12
New Economics Papers: this item is included in nep-des, nep-gth and nep-mic
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Published in Economics Letters, 222:110956 (2023)

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Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:2212.04203

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