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» On maximizing welfare when utility functions are subadditive
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STOC
2006
ACM
131views Algorithms» more  STOC 2006»
14 years 5 months ago
On maximizing welfare when utility functions are subadditive
We consider the problem of maximizing welfare when allocating m items to n players with subadditive utility functions. Our main result is a way of rounding any fractional solution...
Uriel Feige
WINE
2005
Springer
182views Economy» more  WINE 2005»
13 years 11 months ago
Inapproximability Results for Combinatorial Auctions with Submodular Utility Functions
We consider the following allocation problem arising in the setting of combinatorial auctions: a set of goods is to be allocated to a set of players so as to maximize the sum of t...
Subhash Khot, Richard J. Lipton, Evangelos Markaki...
SIGECOM
2008
ACM
155views ECommerce» more  SIGECOM 2008»
13 years 5 months ago
Tight information-theoretic lower bounds for welfare maximization in combinatorial auctions
We provide tight information-theoretic lower bounds for the welfare maximization problem in combinatorial auctions. In this problem, the goal is to partition m items among k bidde...
Vahab S. Mirrokni, Michael Schapira, Jan Vondr&aac...
AAAI
2010
13 years 7 months ago
Voting Almost Maximizes Social Welfare Despite Limited Communication
In cooperative multiagent systems an alternative that maximizes the social welfare--the sum of utilities--can only be selected if each agent reports its full utility function. Thi...
Ioannis Caragiannis, Ariel D. Procaccia
WINE
2010
Springer
189views Economy» more  WINE 2010»
13 years 3 months ago
Approximation Algorithms for Non-single-minded Profit-Maximization Problems with Limited Supply
We consider profit-maximization problems for combinatorial auctions with non-single minded valuation functions and limited supply. We obtain fairly general results that relate the ...
Khaled M. Elbassioni, Mahmoud Fouz, Chaitanya Swam...