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“For example, if I am the agent in a dual agency arrangement, I cannot make suggestions to a buyer about how much to offer, because that’s not fairly representing the seller,” she says.
Then, the second and third items must go to agent 2 - otherwise the next-smallest utility is ε or less; so agent 3 gets only the last item. The maximin-share values of the agents are 0, ε , 1. Therefore, a maximin-share allocation must give agent 3 one of the first three items; some possible utility profiles in this case are (0, 2ε , 1) or ...
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If all agents have the same lexicographic preferences, then general equilibrium cannot exist because agents will not sell to each other [clarification needed] (as long as price of the less preferred is more than zero). But if the price of the less wanted is zero, then all agents want an infinite amount of the good.
The agent-level program can be done in parallel for all agents, so this method scales near-optimally in the number of processors. [ 3 ] The mechanism has been considered for the task of assigning students to courses at the Wharton School of the University of Pennsylvania .
The change comes as home prices in the area have dramatically increased. ... she argued the fee to have a good buying agent could still be worth it, where these changes could pressure the market ...
The multiple principal problem, also known as the common agency problem, the multiple accountabilities problem, or the problem of serving two masters, is an extension of the principal-agent problem that explains problems that can occur when one person or entity acts on behalf of multiple other persons or entities. [1]
A demand set is a model of the most-preferred bundle of goods an agent can afford. The set is a function of the preference relation for this agent, the prices of goods, and the agent's endowment. Assuming the agent cannot have a negative quantity of any good, the demand set can be characterized this way: