On Hill’s Worst-Case Guarantee for Indivisible Bads

We evaluate the fairness of a rule allocating among agents with equal rights by computing their utility for a hypothetical worst-case share, which only depends on their own valuation and the number of agents. For indivisible goods, Budish proposed the maximin share : the least utility of a bundle in the best partition of the objects; unfortunately maximin share is not always satisfiable. Earlier, Hill proposed the worst maximin share over all utilities with the same largest possible single-object value. More conservative than maximin share, it is guaranteed to be satisfiable for any possible profile of utilities and its computation is elementary, whereas it is NP-hard to compute maximin share. We apply Hill’s approach to the allocation of indivisible bads (objects with disutilities) and compute in closed form the worst-case minimax share for a given value of the worst single bad. We show that the worst-case minimax share is close to the original minimax share and that its monotonic closure is the best guaranteed share for all allocation instances with a common upper bound on the value of the worst single bad.

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Publication Details

Journal
ACM Transactions on Economics and Computation
Published
2024-11-11
DOI
https://doi.org/10.1145/3703845
Primary Topic
Game Theory and Voting Systems
Type
article
Field-Weighted Citation Impact
0.00

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article

On Hill’s Worst-Case Guarantee for Indivisible Bads

Ankang Sun, Hervé Moulin, Y. -F. Zhou, Bo Li
ACM Transactions on Economics and Computation
Game Theory and Voting Systems
article

On Hill’s Worst-Case Guarantee for Indivisible Bads

Ankang Sun, Hervé Moulin, Y. -F. Zhou, Bo Li
article en

Abstract

We evaluate the fairness of a rule allocating among agents with equal rights by computing their utility for a hypothetical worst-case share, which only depends on their own valuation and the number of agents. For indivisible goods, Budish proposed the maximin share : the least utility of a bundle in the best partition of the objects; unfortunately maximin share is not always satisfiable. Earlier, Hill proposed the worst maximin share over all utilities with the same largest possible single-object value. More conservative than maximin share, it is guaranteed to be satisfiable for any possible profile of utilities and its computation is elementary, whereas it is NP-hard to compute maximin share. We apply Hill’s approach to the allocation of indivisible bads (objects with disutilities) and compute in closed form the worst-case minimax share for a given value of the worst single bad. We show that the worst-case minimax share is close to the original minimax share and that its monotonic closure is the best guaranteed share for all allocation instances with a common upper bound on the value of the worst single bad.

ACM Transactions on Economics and ComputationVol. 12(4)
Pennsylvania State University (US), Hong Kong Polytechnic University (HK), Adam Smith Institute (GB), University of Glasgow (GB)
Hong Kong Polytechnic University, Basic and Applied Basic Research Foundation of Guangdong Province
Peace, Justice and strong institutions
Openalex Percentile: Top 76%
Game Theory and Voting Systems
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On Hill’s Worst-Case Guarantee for Indivisible Bads — Ankang Sun, Hervé Moulin, et al. · ACM Transactions on Economics and Computation (2024) | TGRS Research Map | TGRS