Utilitarian Object Reallocation
š Submitted version
Earlier versions of this paper circulated under the title āThe Object Allocation Problem with Maximum and Minimum Number of Changesā.
This paper studies an object allocation problem, which involves assigning objects to agents while taking into account agentsā endowments, object capacities and agentsā preferences. We focus on the Pareto efficient and individually rational allocations. The goal is to study the Pareto efficient and individually rational allocations that maximize the number of individuals improving upon their initial endowments. We present the Reallocating Cycles Algorithm for addressing this problem. Next, we discuss several extensions where our algorithm can be used with a minor modification. Extensions include an affirmative action setting where priority is given to the most disadvantaged individuals.