Nash Social Welfare, Matrix Permanent, and Stable Polynomials

We study the problem of allocating m items to n agents subject to maximizing the Nash social welfare (NSW) objective. We write a novel convex programming relaxation for this problem, and we show that a simple randomized rounding algorithm gives a 1/e approximation factor of the objective. Our main technical contribution is an extension of Gurvits's lower bound on the coefficient of the square-free monomial of a degree m-homogeneous stable polynomial on m variables to all homogeneous polynomials. We use this extension to analyze the expected welfare of the allocation returned by our randomized rounding algorithm.