The Price of Fairness
In this paper we study resource allocation problems that involve multiple self-interested parties or players and a central decision maker. We introduce and study the price of fairness, which is the relative system efficiency loss under a “fair” allocation assuming that a fully efficient allocation i...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Article |
| Language: | en_US |
| Published: |
INFORMS
2012
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| Online Access: | http://hdl.handle.net/1721.1/69093 https://orcid.org/0000-0002-1985-1003 https://orcid.org/0000-0002-5856-9246 |