Partial allocation mechanism

The Partial Allocation Mechanism (PAM) is a mechanism for truthful resource allocation. It is based on the max-product allocation - the allocation maximizing the product of agents' utilities (also known as the Nash-optimal allocation or the Proportionally-Fair solution; in many cases it is equivalent to the competitive equilibrium from equal incomes). It guarantees to each agent at least 0.368 of his/her utility in the max-product allocation. It was designed by Cole, Gkatzelis and Goel.

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