Budget-balanced mechanism
id:
budget-balanced-mechanism-191-18597110
title:
Budget-balanced mechanism
text:
In mechanism design, a branch of economics, a weakly-budget-balanced (WBB) mechanism is a mechanism in which the total payment made by the participants is at least 0. This means that the mechanism operator does not incur a deficit, i.e., does not have to subsidize the market. Weak budget balance is considered a necessary requirement for the economic feasibility of a mechanism. A strongly-budget-balanced (SBB) mechanism is a mechanism in which the total payment made by the participants is exactly
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wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Budget-balanced_mechanism
date created:
date modified:
2024-01-06T05:06:18Z
main entity:
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image:
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fields total:
13
integrity:
14