2021arXiv (Cornell University)Open access

Nash Social Welfare for 2-value Instances

Hannaneh Akrami, Bhaskar Ray Chaudhury, Kurt Mehlhorn, Golnoosh Shahkarami, Quentin Vermande

Open full text 1 citations

Abstract

This paper is merged with arXiv:2107.08965v2. We refer the reader to the full and updated version. We study the problem of allocating a set of indivisible goods among agents with 2-value additive valuations. Our goal is to find an allocation with maximum Nash social welfare, i.e., the geometric mean of the valuations of the agents. We give a polynomial-time algorithm to find a Nash social welfare maximizing allocation when the valuation functions are integrally 2-valued, i.e., each agent has a value either $1$ or $p$ for each good, for some positive integer $p$. We then extend our algorithm to find a better approximation factor for general 2-value instances.

Open-access reader

About this research paper

What this paper is about

This paper is merged with arXiv:2107.08965v2. We refer the reader to the full and updated version. We study the problem of allocating a set of indivisible goods among agents with 2-value additive valuations. Our goal is to find an allocation with maximum Nash social welfare, i.e., the geometric mean of the valuations of the agents. We give a polynomial-time algorithm to find a Nash social welfare maximizing allocation when the valuation functions are integrally 2-valued, i.e., each agent has a value either $1$ or $p$ for each good, for some positive integer $p$. We then extend our algorithm to find a better approximation factor for general 2-value instances.

Why it matters

OpenAlex reports 1 citations for this work. Citation counts describe recorded attention and do not establish research quality.

Key contribution

A contribution statement is not available in the OpenAlex record.

Method / approach

Method details are not available in the OpenAlex metadata.

Main findings

Findings are not separately available in the OpenAlex metadata.

Limitations

Limitations are not available in the OpenAlex metadata.

Applications

Application details are not available in the OpenAlex metadata.

Available abstract

This paper is merged with arXiv:2107.08965v2. We refer the reader to the full and updated version. We study the problem of allocating a set of indivisible goods among agents with 2-value additive valuations. Our goal is to find an allocation with maximum Nash social welfare, i.e., the geometric mean of the valuations of the agents. We give a polynomial-time algorithm to find a Nash social welfare maximizing allocation when the valuation functions are integrally 2-valued, i.e., each agent has a value either $1$ or $p$ for each good, for some positive integer $p$. We then extend our algorithm to find a better approximation factor for general 2-value instances.

Key concepts: Valuation (finance), Mathematical economics, Value (mathematics), Social Welfare, Nash equilibrium, Welfare, Mathematical optimization, Set (abstract data type)

Related papers

Back to paper searchBrowse research topicsOriginal source
Nash Social Welfare for 2-value Instances — Research Paper | ScholarLens