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searching for Welfare maximization 20 found (26 total)

Algorithmic mechanism design (296 words) [view diff] exact match in snippet view article find links to article

Typical objectives studied include revenue maximization and social welfare maximization. Algorithmic mechanism design differs from classical economic mechanism

Welfare economics (4,059 words) [view diff] case mismatch in snippet view article find links to article

Press, London. Bator, Francis M. (1957). "The Simple Analytics of Welfare Maximization", American Economic Review, 47(1), pp. 22–59 Calsamiglia, Xavier

Combinatorial participatory budgeting (8,412 words) [view diff] exact match in snippet view article find links to article

axiom, which they call maximal coverage. Annick Laruelle studies welfare maximization under weak ordinal voting, where a scoring rule is used to translate

Picking sequence (1,265 words) [view diff] no match in snippet view article find links to article

A picking sequence is a protocol for fair item assignment. Suppose m items have to be divided among n agents. One way to allocate the items is to let one

Pareto efficiency (5,078 words) [view diff] no match in snippet view article find links to article

Pareto efficiency or Pareto optimality is a situation where no action or allocation is available that makes one individual better off without making another

Justice (6,150 words) [view diff] no match in snippet view article find links to article

Justice, in its broadest sense, is the concept that individuals are to be treated in a manner that is equitable and fair. A society in which justice has

Price of fairness (1,799 words) [view diff] no match in snippet view article find links to article

In the theory of fair division, the price of fairness (POF) is the ratio of the largest economic welfare attainable by a division to the economic welfare

Rent extraction (553 words) [view diff] exact match in snippet view article find links to article

exchange for favorable legislation. The term presents a conscious, welfare maximization strategy by individual statespersons. It emerges when political decision

Social welfare function (3,131 words) [view diff] exact match in snippet view article find links to article

utility. Welfare maximization then consists of maximizing the welfare function subject to the possibility function as a constraint. The same welfare maximization

Budget-additive valuation (850 words) [view diff] case mismatch in snippet view article find links to article

of Budgeted Allocations and Improved Lower Bounds for Submodular Welfare Maximization and GAP". 2008 49th Annual IEEE Symposium on Foundations of Computer

Algorithmic game theory (1,414 words) [view diff] exact match in snippet view article find links to article

Typical objectives studied include revenue maximization and social welfare maximization. The concepts of price of anarchy and price of stability were introduced

Lexicographic dominance (711 words) [view diff] exact match in snippet view article find links to article

dominance. Chakrabarty, Deeparnab; Swamy, Chaitanya (2014-01-12). "Welfare maximization and truthfulness in mechanism design with ordinal preferences". Proceedings

European Symposium on Algorithms (604 words) [view diff] case mismatch in snippet view article find links to article

Triangulations Hanrui Zhang: Improved Prophet Inequalities for Combinatorial Welfare Maximization with (Approximately) Subadditive Agents 2019 Peyman Afshani, Rolf

Double marginalization (813 words) [view diff] exact match in snippet view article find links to article

can incorporate a pricing strategy that is conducive to profit and welfare maximization. Franchise fee: The upstream firm sells the downstream firm the

Strategyproofness (2,598 words) [view diff] exact match in snippet view article find links to article

2020-02-12. Chakrabarty, Deeparnab; Swamy, Chaitanya (2014-01-12). "Welfare maximization and truthfulness in mechanism design with ordinal preferences". Proceedings

Donor coordination (2,599 words) [view diff] exact match in snippet view article find links to article

ballots and quasilinear utilities. They show that welfare maximization admits an FPTAS, but welfare maximization subject to a natural and weak participation

Production–possibility frontier (2,982 words) [view diff] case mismatch in snippet view article find links to article

expression of PPF. Bator, Francis M. (1957). "The Simple Analytics of Welfare Maximization". American Economic Review. 47 (1): pp. 22–59. Martin, John P. (1976)

Vickrey–Clarke–Groves mechanism (2,446 words) [view diff] exact match in snippet view article find links to article

Vickrey–Clarke–Groves auction is an application of VCG mechanism for welfare maximization. Here, X {\displaystyle X} is the set of all possible allocations

Maximal lotteries (1,178 words) [view diff] case mismatch in snippet view article find links to article

84(5), pages 1839-1880, 2016. F. Brandl, F. Brandt, and J. Hofbauer. Welfare Maximization Entices Participation. Games and Economic Behavior. 14, pages 308-314

Envy-free pricing (2,533 words) [view diff] no match in snippet view article find links to article

pricing in large markets. They consider both revenue-maximization and welfare-maximization. Bilo, Flammini and Monaco study EF pricing with sharp demands—where