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On Maximizing Welfare When Utility Functions Are Subadditive

Published: 01 May 2009 Publication History

Abstract

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 to a linear programming relaxation to this problem so as to give a feasible solution of welfare at least $1/2$ that of the value of the fractional solution. This approximation ratio of $1/2$ is an improvement over an $\Omega(1/\log m)$ ratio of Dobzinski, Nisan, and Schapira [Proceedings of the 37th Annual ACM Symposium on Theory of Computing (Baltimore, MD), ACM, New York, 2005, pp. 610-618]. We also show an approximation ratio of $1-1/e$ when utility functions are fractionally subadditive. A result similar to this last result was previously obtained by Dobzinski and Schapira [Proceedings of the 17th Annual ACM-SIAM Symposium on Discrete Algorithms (Miami, FL), SIAM, Philadelphia, 2006, pp. 1064-1073], but via a different rounding technique that requires the use of a so-called “XOS oracle.” The randomized rounding techniques that we use are oblivious in the sense that they only use the primal solution to the linear program relaxation, but have no access to the actual utility functions of the players.

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  • (2024)A Constant-Factor Approximation for Nash Social Welfare with Subadditive ValuationsProceedings of the 56th Annual ACM Symposium on Theory of Computing10.1145/3618260.3649740(467-478)Online publication date: 10-Jun-2024
  • (2024)Settling the Communication Complexity of VCG-Based Mechanisms for All Approximation GuaranteesProceedings of the 56th Annual ACM Symposium on Theory of Computing10.1145/3618260.3649706(1192-1203)Online publication date: 10-Jun-2024
  • (2023)Randomized and deterministic maximin-share approximations for fractionally subadditive valuationsProceedings of the 37th International Conference on Neural Information Processing Systems10.5555/3666122.3668687(58821-58832)Online publication date: 10-Dec-2023
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Published In

cover image SIAM Journal on Computing
SIAM Journal on Computing  Volume 39, Issue 1
May 2009
360 pages

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Society for Industrial and Applied Mathematics

United States

Publication History

Published: 01 May 2009

Author Tags

  1. approximation algorithms
  2. combinatorial auctions
  3. linear programming
  4. randomized rounding

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Cited By

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  • (2024)A Constant-Factor Approximation for Nash Social Welfare with Subadditive ValuationsProceedings of the 56th Annual ACM Symposium on Theory of Computing10.1145/3618260.3649740(467-478)Online publication date: 10-Jun-2024
  • (2024)Settling the Communication Complexity of VCG-Based Mechanisms for All Approximation GuaranteesProceedings of the 56th Annual ACM Symposium on Theory of Computing10.1145/3618260.3649706(1192-1203)Online publication date: 10-Jun-2024
  • (2023)Randomized and deterministic maximin-share approximations for fractionally subadditive valuationsProceedings of the 37th International Conference on Neural Information Processing Systems10.5555/3666122.3668687(58821-58832)Online publication date: 10-Dec-2023
  • (2023)Multi-agent ContractsProceedings of the 55th Annual ACM Symposium on Theory of Computing10.1145/3564246.3585193(1311-1324)Online publication date: 2-Jun-2023
  • (2023)Towards an Optimal Contention Resolution Scheme for MatchingsInteger Programming and Combinatorial Optimization10.1007/978-3-031-32726-1_27(378-392)Online publication date: 21-Jun-2023
  • (2022)Tight approximation bounds for maximum multi-coverageMathematical Programming: Series A and B10.1007/s10107-021-01677-4192:1-2(443-476)Online publication date: 1-Mar-2022
  • (2022)Mechanism Design for Perturbation Stable Combinatorial AuctionsTheory of Computing Systems10.1007/s00224-022-10078-966:4(778-801)Online publication date: 1-Aug-2022
  • (2022)Risk-Free Bidding in Complement-Free Combinatorial AuctionsTheory of Computing Systems10.1007/s00224-021-10068-366:3(581-615)Online publication date: 1-Jun-2022
  • (2021)Online combinatorial auctionsProceedings of the Thirty-Second Annual ACM-SIAM Symposium on Discrete Algorithms10.5555/3458064.3458134(1131-1149)Online publication date: 10-Jan-2021
  • (2021)A Simple and Approximately Optimal Mechanism for a Buyer with ComplementsOperations Research10.1287/opre.2020.203969:1(188-206)Online publication date: 1-Jan-2021
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