Nash Welfare in the Facility Location Problem
Keyword(s):
In most facility location research, either an efficient facility placement which minimizes the total cost or a fairer placement which minimizes the maximum cost are typically proposed. To find a solution that is both fair and efficient, we propose converting the agent costs to utilities and placing the facility/ies such that the product of utilities, also known as the Nash welfare, is maximized. We ask whether the Nash welfare's well-studied balance between fairness and efficiency also applies to the facility location setting, and what agent strategic behaviour may occur under this facility placement.
2020 ◽
Vol 34
(02)
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pp. 1806-1813
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Keyword(s):
1998 ◽
Vol 25
(10)
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pp. 869-878
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2007 ◽
Vol 158
(17)
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pp. 1922-1930
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