Improved Maximin Share Guarantee for Additive Valuations

Abstract

The maximin share (MMS) is the most prominent share-based fairness notion in the fair allocation of indivisible goods. Recent years have seen significant efforts to improve the approximation guarantees for MMS for different valuation classes, particularly for additive valuations. For the additive setting, it has been shown that for some instances, no allocation can guarantee a factor better than 1-1n4 of maximin share value to all agents. However, the best currently known algorithm achieves an approximation guarantee of 34 + 33836 for MMS. In this work, we narrow this gap and improve the best-known approximation guarantee for MMS to 1013.

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