Equal-quantile rules in resource allocation with uncertain needs

• Main Authors: LONG, Yan, SETHURAMAN, Jay, XUE, Jingyi
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2019
• Subjects: Resource allocation; Fair division; Uncertain needs; Equal-quantile rules; Utilitarian social welfare function; Waste; Deficit; Ordinality; Economic Theory
• Online Access: https://ink.library.smu.edu.sg/soe_research/2274; https://ink.library.smu.edu.sg/context/soe_research/article/3273/viewcontent/equal_quantile_rules_RR_.pdf
• Institution: Singapore Management University

A group of agents have uncertain needs on a resource, and the resource has to be divided before uncertainty resolves. We propose a class of division rules we call equal-quantile rules, parameterized by λ ∈ (0, 1]. The parameter λ is a common maximal probability of satisfaction — the probability that...