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By specifying model free preferences towards simple nested classes of lottery pairs, we develop the dual story to stand on equal footing with that of (primal) risk apportionment. The dual story provides an intuitive interpretation, and full…

Risk Management · Quantitative Finance 2017-12-07 Louis R. Eeckhoudt , Roger J. A. Laeven , Harris Schlesinger

We study the assignment of indivisible goods to individuals without monetary transfers. Previous literature has mainly focused on efficiency and individually fair assignments; consequently, egalitarian concerns have been overlooked. Drawing…

Theoretical Economics · Economics 2024-10-29 Tom Demeulemeester , Juan S. Pereyra

Fair resource allocation is a fundamental optimization problem with applications in operations research, networking, and economic and game theory. Research in these areas has led to the general acceptance of a class of $\alpha$-fair utility…

Data Structures and Algorithms · Computer Science 2020-11-17 Jelena Diakonikolas , Maryam Fazel , Lorenzo Orecchia

A game-theoretic model of social preference and enlightened self-interest is formulated. Existence of symmetry and duality in the game matrices with altruistic social preference is revealed. The model is able to quantitatively describe the…

Condensed Matter · Physics 2010-11-02 Taksu Cheon

The classic house allocation problem is primarily concerned with finding a matching between a set of agents and a set of houses that guarantees some notion of economic efficiency (e.g. utilitarian welfare). While recent works have shifted…

Computer Science and Game Theory · Computer Science 2024-07-08 Hadi Hosseini , Medha Kumar , Sanjukta Roy

In the assignment problem, a set of items must be allocated to unit-demand agents who express ordinal preferences (rankings) over the items. In the assignment problem with priorities, agents with higher priority are entitled to their…

Computer Science and Game Theory · Computer Science 2023-02-01 Zeyu Shen , Zhiyi Wang , Xingyu Zhu , Brandon Fain , Kamesh Munagala

We study fair allocation of constrained resources, where a market designer optimizes overall welfare while maintaining group fairness. In many large-scale settings, utilities are not known in advance, but are instead observed after…

Computer Science and Game Theory · Computer Science 2024-11-06 Elita Lobo , Justin Payan , Cyrus Cousins , Yair Zick

In the house allocation problem with lower and upper quotas, we are given a set of applicants and a set of projects. Each applicant has a strictly ordered preference list over the projects, while the projects are equipped with a lower and…

Computer Science and Game Theory · Computer Science 2021-07-09 Ágnes Cseh , Tobias Friedrich , Jannik Peters

In this paper we study the problem of maximizing expected utility from the terminal wealth with proportional transaction costs and random endowment. In the context of the existence of consistent price systems, we consider the duality…

Mathematical Finance · Quantitative Finance 2016-09-06 Yiqing Lin , Junjian Yang

There is a duality theory connecting certain stochastic orderings between cumulative distribution functions F_1,F_2 and stochastic orderings between their inverses F_1^(-1),F_2^(-1). This underlies some theories of utility in the case of…

Statistics Theory · Mathematics 2011-08-05 Alessandra Giovagnoli , Henry P. Wynn

We examine how the empirical content of revealed preference theory depends on the dimensionality of the choice environment. While higher-dimensional choice problems may appear more demanding, we show that revealed preference restrictions…

Theoretical Economics · Economics 2026-05-29 Ian Crawford , Longye Tian

We introduce and analyze an extension to the matching problem on a weighted bipartite graph: Assignment with Type Constraints. The two parts of the graph are partitioned into subsets called types and blocks; we seek a matching with the…

Artificial Intelligence · Computer Science 2020-10-06 Nawal Benabbou , Mithun Chakraborty , Vinh Ho Xuan , Jakub Sliwinski , Yair Zick

We develop a connection between mixture and envelope representations of objective functions that arise frequently in statistics. We refer to this connection using the term "hierarchical duality." Our results suggest an interesting and…

Methodology · Statistics 2015-02-24 Nicholas G. Polson , James G. Scott

We show that, in a resource allocation problem, the ex ante aggregate utility of players with cumulative-prospect-theoretic preferences can be increased over deterministic allocations by implementing lotteries. We formulate an optimization…

Theoretical Economics · Economics 2020-12-07 Soham R. Phade , Venkat Anantharam

We develop a general duality-theory framework for revenue maximization in additive Bayesian auctions. The framework extends linear programming duality and complementarity to constraints with partial derivatives. The dual system reveals the…

Computer Science and Game Theory · Computer Science 2018-01-16 Yiannis Giannakopoulos , Elias Koutsoupias

Given a data-set of consumer behaviour, the Revealed Preference Graph succinctly encodes inferred relative preferences between observed outcomes as a directed graph. Not all graphs can be constructed as revealed preference graphs when the…

Computer Science and Game Theory · Computer Science 2018-07-31 Shant Boodaghians

Fairness and privacy are two important concerns in social decision-making processes such as resource allocation. We study privacy in the fair allocation of indivisible resources using the well-established framework of differential privacy.…

Computer Science and Game Theory · Computer Science 2025-06-17 Pasin Manurangsi , Warut Suksompong

In many applications such as rationing medical care and supplies, university admissions, and the assignment of public housing, the decision of who receives an allocation can be justified by various normative criteria. Such settings have…

Computer Science and Game Theory · Computer Science 2023-05-30 Siddhartha Banerjee , Matthew Eichhorn , David Kempe

We study the problem of mechanism design for allocating a set of indivisible items among agents with private preferences on items. We are interested in such a mechanism that is strategyproof (where agents' best strategy is to report their…

Computer Science and Game Theory · Computer Science 2024-08-05 Ankang Sun , Bo Chen

We study the classic house-swapping problem of Shapley and Scarf (1974) in a setting where agents may have "objective" indifferences, i.e., indifferences that are shared by all agents. In other words, if any one agent is indifferent between…

Theoretical Economics · Economics 2023-06-21 Will Sandholtz , Andrew Tai