Abstract
We consider the problem of fair allocation of indivisible items among n agents with additive valuations, when agents have equal entitlements to the goods, and there are no transfers. Best-of-Both-Worlds (BoBW) fairness mechanisms aim to give all agents both an ex-ante guarantee (such as getting the proportional share in expectation) and an ex-post guarantee. Prior BoBW results have focused on ex-post guarantees that are based on the “up to one item" paradigm, such as envy-free up to one item (EF1). In this work we attempt to give every agent a high value ex-post, and specifically, a constant fraction of her maximin share (MMS). There are simple examples in which previous BoBW mechanisms give some agent only a 1n fraction of her MMS. Our main result is a deterministic polynomial-time algorithm that computes a distribution over allocations that is ex-ante proportional, and ex-post, every allocation gives every agent at least half of her MMS. Moreover, the ex-post guarantee holds even with respect to a more demanding notion of a share, introduced in this paper, that we refer to as the truncated proportional share (TPS). Our guarantees are nearly best possible, in the sense that one cannot guarantee agents more than their proportional share ex-ante, and one cannot guarantee all agents value larger than a n2n-1 -fraction of their TPS ex-post.
Original language | English |
---|---|
Title of host publication | Web and Internet Economics - 18th International Conference, WINE 2022, Proceedings |
Editors | Kristoffer Arnsfelt Hansen, Tracy Xiao Liu, Azarakhsh Malekian |
Publisher | Springer Science and Business Media Deutschland GmbH |
Pages | 237-255 |
Number of pages | 19 |
ISBN (Print) | 9783031228315 |
State | Published - 2022 |
Externally published | Yes |
Event | 18th International Conference on Web and Internet Economics, WINE 2022 - Troy, United States Duration: 12 Dec 2022 → 15 Dec 2022 |
Publication series
Name | Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics) |
---|---|
Volume | 13778 LNCS |
ISSN (Print) | 0302-9743 |
ISSN (Electronic) | 1611-3349 |
Conference
Conference | 18th International Conference on Web and Internet Economics, WINE 2022 |
---|---|
Country/Territory | United States |
City | Troy |
Period | 12/12/22 → 15/12/22 |
Bibliographical note
Publisher Copyright:© 2022, The Author(s), under exclusive license to Springer Nature Switzerland AG.
Keywords
- Best-of-both-worlds
- Fair division
- Maximin share
- Truncated proportional share