In this work, we extend the concept of the p-mean welfare objective from social choice theory to study p-mean regret in stochastic multi-armed bandit problems. The p-mean regret, defined as the difference between the optimal mean among the arms and the p-mean of the expected rewards, offers a flexible framework for evaluating bandit algorithms, enabling algorithm designers to balance fairness and efficiency by adjusting the parameter p. Our framework encompasses both average cumulative regret and Nash regret as special cases. We introduce a simple, unified UCB-based algorithm (Explore-Then-UCB) that achieves novel p-mean regret bounds. Our algorithm consists of two phases: a carefully calibrated uniform exploration phase to initialize sample means, followed by the UCB1 algorithm of Auer et al. (2002). Under mild assumptions, we prove that our algorithm achieves a p-mean regret bound of Otilde( sqrt( k / T^{1/(2|p|)} ) ) for all p

We study the problem of allocating indivisible goods among $n$ agents with the objective of maximizing Nash social welfare (NSW). This welfare function is defined as the geometric mean of the agents' valuations and, hence, it strikes a balance between the extremes of social welfare (arithmetic mean) and egalitarian welfare (max-min value). Nash social welfare has been extensively studied in recent years for various valuation classes. In particular, a notable negative result is known when the agents' valuations are complement-free and are specified via value queries: for XOS valuations, one necessarily requires exponentially many value queries to find any sublinear (in $n$) approximation for NSW. Indeed, this lower bound implies that stronger query models are needed for finding better approximations. Towards this, we utilize demand oracles and XOS oracles; both of these query models are standard and have been used in prior work on social welfare maximization with XOS valuations. We develop the first sublinear approximation algorithm for maximizing Nash social welfare under XOS valuations, specified via demand and XOS oracles. Hence, this work breaks the $O(n)$-approximation barrier for NSW maximization under XOS valuations. We obtain this result by developing a novel connection between NSW and social welfare under a capped version of the agents' valuations. In addition to this insight, which might be of independent interest, this work relies on an intricate combination of multiple technical ideas, including the use of repeated matchings and the discrete moving knife method. In addition, we partially complement the algorithmic result by showing that, under XOS valuations, an exponential number of demand and XOS queries are necessarily required to approximate NSW within a factor of $\left(1 - \frac{1}{e}\right)$.

We study the problem of allocating indivisible goods among agents in a fair manner. While envy-free allocations of indivisible goods are not guaranteed to exist, envy-freeness can be achieved by additionally providing some subsidy to the agents. These subsidies can be alternatively viewed as a divisible good (money) that is fractionally assigned among the agents to realize an envy-free outcome. In this setup, we bound the subsidy required to attain envy-freeness among agents with dichotomous valuations, i.e., among agents whose marginal value for any good is either zero or one. We prove that, under dichotomous valuations, there exists an allocation that achieves envy-freeness with a per-agent subsidy of either 0 or 1. Furthermore, such an envy-free solution can be computed efficiently in the standard value-oracle model. Notably, our results hold for general dichotomous valuations and, in particular, do not require the (dichotomous) valuations to be additive, submodular, or even subadditive. Also, our subsidy bounds are tight and provide a linear (in the number of agents) factor improvement over the bounds known for general monotone valuations.

We develop polynomial-time algorithms for the fair and efficient allocation of indivisible goods among n agents that have subadditive valuations over the goods. We first consider the Nash social welfare as our objective and design a polynomial-time algorithm that, in the value oracle model, finds an 8n-approximation to the Nash optimal allocation. Subadditive valuations include XOS (fractionally subadditive) and submodular valuations as special cases. Our result, even for the special case of submodular valuations, improves upon the previously best known O(n log n)-approximation ratio of Garg et al. (2020). More generally, we study maximization of p-mean welfare. The p-mean welfare is parameterized by an exponent term p ∈ (-∞, 1] and encompasses a range of welfare functions, such as social welfare (p = 1), Nash social welfare (p → 0), and egalitarian welfare (p → -∞). We give an algorithm that, for subadditive valuations and any given p ∈ (-∞, 1], computes (in the value oracle model and in polynomial time) an allocation with p-mean welfare at least 1/(8n) times the optimal. Further, we show that our approximation guarantees are essentially tight for XOS and, hence, subadditive valuations. We adapt a result of Dobzinski et al. (2010) to show that, under XOS valuations, an O (n^{1-ε}) approximation for the p-mean welfare for any p ∈ (-∞,1] (including the Nash social welfare) requires exponentially many value queries; here, ε > 0 is any fixed constant.