Asymptotic existence of fair divisions for groups

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Publication:1680744

DOI10.1016/J.MATHSOCSCI.2017.05.006zbMATH Open1415.91182DBLPjournals/mss/ManurangsiS17arXiv1706.08219OpenAlexW2730072800WikidataQ56388119 ScholiaQ56388119MaRDI QIDQ1680744FDOQ1680744

Warut Suksompong, Pasin Manurangsi

Publication date: 16 November 2017

Published in: Mathematical Social Sciences (Search for Journal in Brave)

Abstract: The problem of dividing resources fairly occurs in many practical situations and is therefore an important topic of study in economics. In this paper, we investigate envy-free divisions in the setting where there are multiple players in each interested party. While all players in a party share the same set of resources, each player has her own preferences. Under additive valuations drawn randomly from probability distributions, we show that when all groups contain an equal number of players, a welfare-maximizing allocation is likely to be envy-free if the number of items exceeds the total number of players by a logarithmic factor. On the other hand, an envy-free allocation is unlikely to exist if the number of items is less than the total number of players. In addition, we show that a simple truthful mechanism, namely the random assignment mechanism, yields an allocation that satisfies the weaker notion of approximate envy-freeness with high probability.


Full work available at URL: https://arxiv.org/abs/1706.08219




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