Publication | Closed Access
Fair Allocation of Indivisible Goods: Improvement
18
Citations
15
References
2021
Year
Public PolicyEconomicsCost AllocationGame TheoryFair AllocationMaximin Share ParadigmApproximate Maximin SharesEconomic AnalysisBusinessAlgorithmic Mechanism DesignAuction TheoryFair Resource AllocationFair DivisionGamesCombinatorial OptimizationMechanism Design
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.
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