When agents choose bundles autonomously: guarantees beyond discrepancy
Sushmita Gupta, Pallavi Jain, Sanjay Seetharaman, Meirav Zehavi

TL;DR
This paper addresses fair division of indivisible items among agents, overcoming a discrepancy barrier to provide near-proportional guarantees through polynomial-time algorithms, with improved results for specific valuation classes.
Contribution
It introduces an exponential improvement over the discrepancy barrier, enabling autonomous agent selection with near-proportional guarantees, and extends results to special valuation classes.
Findings
Achieves guarantees of at least PROP - O(log n) for sequential agent selection.
Overcomes the discrepancy barrier of Θ(√n) with polynomial-time methods.
Provides better guarantees for valuation classes with common ordering, bounded multiplicity, and hypergraph influence.
Abstract
We consider the fair division of indivisible items among agents with additive non-negative normalized valuations, with the goal of obtaining high value guarantees, that is, close to the proportional share for each agent. We prove that partitions where \emph{every} part yields high value for each agent are asymptotically limited by a discrepancy barrier of . Guided by this, our main objective is to overcome this barrier and achieve stronger individual guarantees for each agent in polynomial time. Towards this, we are able to exhibit an exponential improvement over the discrepancy barrier. In particular, we can create partitions on-the-go such that when agents arrive sequentially (representing a previously-agreed priority order) and pick a part autonomously and rationally (i.e., one of highest value), then each is guaranteed a part of value at least…
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Taxonomy
TopicsAuction Theory and Applications · Game Theory and Voting Systems · Risk and Portfolio Optimization
