Budget-balanced mechanism
In mechanism design, a branch of economics, a budget-balanced (BB) 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. Budget balance is considered a necessary requirement for the economic feasibility of a mechanism.
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Budget-balanced mechanism
In mechanism design, a branch of economics, a budget-balanced (BB) 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. Budget balance is considered a necessary requirement for the economic feasibility of a mechanism.
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In mechanism design, a branch ...... ic feasibility of a mechanism.
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In mechanism design, a branch ...... ic feasibility of a mechanism.
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Budget-balanced mechanism
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