Approximating Nash social welfare by matching and local search
For any >0, we give a simple, deterministic (4+)-approximation algorithm for the Nash social welfare (NSW) problem under submodular valuations. The previous best approximation factor was 380 via a randomized algorithm. We also consider the asymmetric variant of the problem, where the objective is to maximize the weighted geometric mean of agents' valuations, and give an (ω + 2 + )-approximation if the ratio between the largest weight and the average weight is at most ω. We also show that the 12-EFX envy-freeness property can be attained simultaneously with a constant-factor approximation. More precisely, we can find an allocation in polynomial time which is both 12-EFX and a (8+)-approximation to the symmetric NSW problem under submodular valuations. The previous best approximation factor under 12-EFX was linear in the number of agents.
| Item Type | Chapter |
|---|---|
| Copyright holders | © 2023 ACM. |
| Departments | LSE > Academic Departments > Mathematics |
| DOI | 10.1145/3564246.3585255 |
| Date Deposited | 12 Jul 2023 |
| Acceptance Date | 01 Jan 2021 |
| URI | https://researchonline.lse.ac.uk/id/eprint/119720 |