Information Acquisition Policies for Resource Allocation among Multiple Agents

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

Research output: Contribution to journalArticle

10 Citations (Scopus)

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
StatePublished - Jun 1997
Externally publishedYes

Fingerprint

Resource allocation
Managers
manager
resources
costs
Information acquisition
Multiple agents
Costs
Resources
Trade-offs

Keywords

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

ASJC Scopus subject areas

  • Library and Information Sciences

Cite this

Information Acquisition Policies for Resource Allocation among Multiple Agents. / Moore, J. C.; Rao, H. R.; Whinston, A.; Nam, K.; Santanam, Raghu.

In: Information Systems Research, Vol. 8, No. 2, 06.1997, p. 151-170.

Research output: Contribution to journalArticle

Moore, J. C. ; Rao, H. R. ; Whinston, A. ; Nam, K. ; Santanam, Raghu. / Information Acquisition Policies for Resource Allocation among Multiple Agents. In: Information Systems Research. 1997 ; Vol. 8, No. 2. pp. 151-170.
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