Round-Robin Beyond Additive Agents Existence and Fairness of Approximate Equilibria
| Authors |
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|---|---|
| Publication date | 2023 |
| Book title | EC 2023 |
| Book subtitle | Proceedings of the 24th ACM Conference on Economics and Computation : July 9-12, 2023, London, United Kingdom |
| ISBN (electronic) |
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| Event | 24th ACM Conference on Economics and Computation, EC 2023 |
| Pages (from-to) | 67-87 |
| Number of pages | 21 |
| Publisher | New York, New York: Association for Computing Machinery |
| Organisations |
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| Abstract |
Fair allocation of indivisible goods has attracted extensive attention
over the last two decades, yielding numerous elegant algorithmic results
and producing challenging open questions. The problem becomes much
harder in the presence of strategic agents. Ideally, one would want to design truthful
mechanisms that produce allocations with fairness guarantees. However,
in the standard setting without monetary transfers, it is generally
impossible to have truthful mechanisms that provide non-trivial fairness
guarantees. Recently, Amanatidis et al. [2021] suggested the study of
mechanisms that produce fair allocations in their equilibria.
Specifically, when the agents have additive valuation functions, the
simple Round-Robin algorithm always has pure Nash equilibria and the
corresponding allocations are envy-free up to one good (EF1) with respect to the agents' true valuation functions.
Following this agenda, we show that this outstanding property of the
Round-Robin mechanism extends much beyond the above default assumption
of additivity. In particular, we prove that for agents with cancelable
valuation functions (a natural class that contains, e.g., additive and
budget-additive functions), this simple mechanism always has equilibria
and even its approximate equilibria correspond to approximately EF1
allocations with respect to the agents' true valuation functions.
Further, we show that the approximate EF1 fairness of approximate
equilibria surprisingly holds for the important class of submodular valuation functions as well, even though exact equilibria fail to exist!
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| Document type | Conference contribution |
| Language | English |
| Related publication | Round-Robin Beyond Additive Agents: Existence and Fairness of Approximate Equilibria |
| Published at | https://doi.org/10.1145/3580507.3597796 |
| Other links | https://www.scopus.com/pages/publications/85164723209 |
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