Competitive Equilibria with a Constant Number of Chores

Jugal Garg, Peter McGlaughlin, Martin Hoefer, Marco Schmalhofer

Research output: Contribution to journalArticlepeer-review

Abstract

We study markets with mixed manna, where m divisible goods and chores shall be divided among n agents to obtain a competitive equilibrium. Equilibrium allocations are known to satisfy many fairness and efficiency conditions. While a lot of recent work in fair division is restricted to linear utilities and chores, we focus on a substantial generalization to separable piecewise-linear and concave (SPLC) utilities and mixed manna. We first derive polynomial-time algorithms for markets with a constant number of items or a constant number of agents. Our main result is a polynomial-time algorithm for instances with a constant number of chores (as well as any number of goods and agents) under the condition that chores dominate the utility of the agents. Interestingly, this stands in contrast to the case when the goods dominate the agents utility in equilibrium, where the problem is known to be PPAD-hard even without chores.

Original languageEnglish (US)
Pages (from-to)1201-1219
Number of pages19
JournalJournal of Artificial Intelligence Research
Volume78
DOIs
StatePublished - 2023

ASJC Scopus subject areas

  • Artificial Intelligence

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