Information Acquisition Policies for Resource Allocation Among Multiple Agents.

Author List: Moore, J. C.; Rao, H. R.; Whinston, A.; Nam, K.; Raghu, T. S.;

Information Systems Research, 1997, Volume 8, Issue 2, Page 151.

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.

Keywords: Discrete Resource Allocation; Information Acquisition Policies; Team Problem Solving

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#214	0.431	resource resources allocation chargeback manager effectiveness problem firms case gap allocating diverse dependence just bridge cooperative criticality acquisition duplication extent
#241	0.265	information stage stages venture policies ewom paper crowdfunding second influence revelation funding cost important investigation ventures session studied electronic multiple
#71	0.077	distributed agents agent intelligent environments environment smart computational environmental scheduling human rule using does embodied provide trends computer-aided heterogeneous inventory
#151	0.056	costs cost switching reduce transaction increase benefits time economic production transactions savings reduction impact services reduced affect expected optimal associated