Budget-additive valuation
In economics, a budget-additive valuation is a kind of a utility function. It corresponds to a person that, when given a set of items, evaluates them in the following way:
* For each item j, there is a fixed value vj.
* There is also a fixed budget B.
* The value of the set of items is the minimum between B and the sum of values of items in the set. Budget-additive valuations are useful in the research of online advertising, combinatorial auctions, resource allocation, and market equilibrium.
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Budget-additive valuation
In economics, a budget-additive valuation is a kind of a utility function. It corresponds to a person that, when given a set of items, evaluates them in the following way:
* For each item j, there is a fixed value vj.
* There is also a fixed budget B.
* The value of the set of items is the minimum between B and the sum of values of items in the set. Budget-additive valuations are useful in the research of online advertising, combinatorial auctions, resource allocation, and market equilibrium.
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In economics, a budget-additiv ...... ation, and market equilibrium.
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In economics, a budget-additiv ...... ation, and market equilibrium.
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Budget-additive valuation
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