Nash Social Welfare for 2-value Instances
Hannaneh Akrami, Bhaskar Ray Chaudhury, Kurt Mehlhorn, Golnoosh Shahkarami, Quentin Vermande
Abstract
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Hannaneh Akrami, Bhaskar Ray Chaudhury, Kurt Mehlhorn, Golnoosh Shahkarami, Quentin Vermande
Abstract
Open-access reader
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.
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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)