Fair Allocation with Money: What is Your Objective?

When allocating indivisible items, there are various ways to use monetary transfers for eliminating envy. Particularly, one can apply a balanced vector of transfer payments, or charge each agent a positive amount, or -- contrarily -- give each agent a positive amount as a ``subsidy''. In each model, one can aim to minimize the amount of payments used; this aim translates into different optimization objectives in each setting. This note compares the various models, and the relations between upper and lower bounds for these objectives.

Publication Details

Journal
ArXiv.org
Published
2025-06-23
Primary Topic
Game Theory and Voting Systems
Type
article
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article

Fair Allocation with Money: What is Your Objective?

ArXiv.org
Game Theory and Voting Systems
article

Fair Allocation with Money: What is Your Objective?

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Abstract

When allocating indivisible items, there are various ways to use monetary transfers for eliminating envy. Particularly, one can apply a balanced vector of transfer payments, or charge each agent a positive amount, or -- contrarily -- give each agent a positive amount as a ``subsidy''. In each model, one can aim to minimize the amount of payments used; this aim translates into different optimization objectives in each setting. This note compares the various models, and the relations between upper and lower bounds for these objectives.

ArXiv.org
Reduced inequalities
Openalex Percentile: Top 40%
Game Theory and Voting Systems
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Fair Allocation with Money: What is Your Objective? · ArXiv.org (2025) | TGRS Research Map | TGRS