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ATAL
2010
Springer

Strategy-proof allocation of multiple items between two agents without payments or priors

9 years 2 months ago
Strategy-proof allocation of multiple items between two agents without payments or priors
We investigate the problem of allocating items (private goods) among competing agents in a setting that is both prior-free and paymentfree. Specifically, we focus on allocating multiple heterogeneous items between two agents with additive valuation functions. Our objective is to design strategy-proof mechanisms that are competitive against the most efficient (first-best) allocation. We introduce the family of linear increasing-price (LIP) mechanisms. The LIP mechanisms are strategy-proof, prior-free, and payment-free, and they are exactly the increasing-price mechanisms satisfying a strong responsiveness property. We show how to solve for competitive mechanisms within the LIP family. For the case of two items, we find a LIP mechanism whose competitive ratio is near optimal (the achieved competitive ratio is 0.828, while any strategy-proof mechanism is at most 0.841-competitive). As the number of items goes to infinity, we prove a negative result that any increasing-price mechanism (li...
Mingyu Guo, Vincent Conitzer
Added 08 Nov 2010
Updated 08 Nov 2010
Type Conference
Year 2010
Where ATAL
Authors Mingyu Guo, Vincent Conitzer
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