Size Versus Truthfulness in the House Allocation Problem
- 16:00 7th March 2014 ( week 7, Hilary Term 2014 )Room 278, Oxford e-Research Centre, 7 Keble Road
We study the House Allocation problem (also known as the Assignment problem, i.e., the problem of allocating a set of objects among a set of agents, where each agent has ordinal preferences (possibly involving ties) over a subset of the objects. We focus on truthful mechanisms without monetary transfers for finding large Pareto optimal matchings. It is straightforward to show that no deterministic truthful mechanism can approximate a maximum cardinality Pareto optimal matching with ratio better than 2. We thus consider randomized mechanisms. We give the first explicit extensions of the classical Random Serial Dictatorship Mechanism (RSDM) to the case where preference lists can include ties. We thus obtain a universally truthful randomized mechanism for finding a Pareto optimal matchingand show that it achieves an approximation ratio of e/(e-1). The same bound holds even when agents have priorities (weights) and our goal is to find a maximum weight (as opposed to maximum cardinality) Pareto optimal matching.