EFFICIENT STRATEGY PROOF FAIR ALLOCATION ALGORITHMS

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Abstract

We study a fair division problem with indivisible objects like jobs, houses, and one divisible good like money. Each individual is to be assigned with one object and a certain amount of money. The preferences of individuals over the objects are private information but individuals are assumed to have quasi-linear utilities in money. It is shown that there exist efficient algorithms for eliciting honest preferences and assigning the objects with money to individuals efficiently and fairly.

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