Information Acquisition Policies for Resource Allocation among Multiple Agents

J. C. Moore, H. R. Rao, A. Whinston, K. Nam, T. S. Raghu

Research output: Contribution to journalArticle

10 Scopus citations

Abstract

This paper investigates a problem of resource allocation, where a manager allocates discrete resources among multiple agents in a team in a socially optimal manner. In making this allocation, the manager needs to understand the preference orders of the agents for the discrete resources. The manager does this by adopting an information acquisition policy. Three different information acquisition policies are investigated here. The trade off between the amount of information elicited and the costs involved are studied for each of the policies.

Original languageEnglish (US)
Pages (from-to)151-170
Number of pages20
JournalInformation Systems Research
Volume8
Issue number2
DOIs
StatePublished - Jun 1997
Externally publishedYes

Keywords

  • Discrete Resource Allocation
  • Information Acquisition Policies
  • Team Problem Solving

ASJC Scopus subject areas

  • Management Information Systems
  • Information Systems
  • Computer Networks and Communications
  • Information Systems and Management
  • Library and Information Sciences

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