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authorStratis Ioannidis <stratis@stratis-Latitude-E6320.(none)>2012-11-05 07:12:01 -0800
committerStratis Ioannidis <stratis@stratis-Latitude-E6320.(none)>2012-11-05 07:12:01 -0800
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\section{Related work}
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Budget feasible mechanism design was originally proposed by Singer \cite{singer-mechanisms}. Singer considers the problem of maximizing an arbitrary submodular function subject to a budget constraint in the \emph{value query} model, \emph{i.e.} assuming an oracle providing the value of the submodular objective on any given set.
Singer shows that there exists a randomized, 112-approximation mechanism for submodular maximization that is \emph{universally truthful} (\emph{i.e.}, it is a randomized mechanism sampled from a distribution over truthful mechanisms). Chen \emph{et al.}~\cite{chen} improve this result by providing a 7.91-approximate mechanism, and show a corresponding lower bound of $2$ among universally truthful mechanisms for submodular maximization.