Abstract
We formalize a framework for coordinating funding and selecting projects, the costs of which are shared among agents with quasi-linear utility functions and individual budgets. Our model contains the discrete participatory budgeting model as a special case, while capturing other useful scenarios. We propose several important axioms and objectives and study how well they can be simultaneously satisfied. We show that whereas welfare maximization admits an FPTAS, welfare maximization subject to a natural and very weak participation requirement leads to a strong inapproximability. This result is bypassed if we consider some natural restricted valuations, namely laminar single-minded valuations and symmetric valuations. Our analysis for the former restriction leads to the discovery of a new class of tractable instances for the set-union knapsack problem, a classical problem in combinatorial optimization.
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Notes
- 1.
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- 3.
An algorithm which approximates the optimal solution by a factor of at least \(1-\epsilon \) in time polynomial in the instance size and \(1/\epsilon \) for any \(\epsilon >0\).
- 4.
Consider an instance with two agents and one project with \(C_1=1\), valuations \(v_{11}= 2\) and \(v_{21}=0\), and budgets \(b_1=0\) and \(b_2 =1\). The UWO outcome is to fund the project, but this violates WP.
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Specifically, we can sort the projects according to their social welfare and greedily select them until there is no remaining project with non-negative social welfare or until no budget remains.
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Acknowledgements
Haris Aziz is supported by the NSF-CSIRO project on “Fair Sequential Collective Decision-Making”. Mashbat Suzuki was partially supported by the ARC Laureate Project FL200100204 on “Trustworthy AI”.
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Aziz, H., Gujar, S., Padala, M., Suzuki, M., Vollen, J. (2023). Coordinating Monetary Contributions in Participatory Budgeting. In: Deligkas, A., Filos-Ratsikas, A. (eds) Algorithmic Game Theory. SAGT 2023. Lecture Notes in Computer Science, vol 14238. Springer, Cham. https://doi.org/10.1007/978-3-031-43254-5_9
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