Information Acquisition Policies for Resource Allocation among Multiple Agents

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

doi:10.1287/isre.8.2.151

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 journal › Article › peer-review

13 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 language	English (US)
Pages (from-to)	151-170
Number of pages	20
Journal	Information Systems Research
Volume	8
Issue number	2
DOIs	https://doi.org/10.1287/isre.8.2.151
State	Published - Jun 1997
Externally published	Yes

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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10.1287/isre.8.2.151

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AB - 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.

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Information Acquisition Policies for Resource Allocation among Multiple Agents

Abstract

Keywords

ASJC Scopus subject areas

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