| http://dbpedia.org/ontology/abstract
|
In mechanism design, a branch of economics … 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 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 0. This means that all payments are made among the participants - the mechanism has neither a deficit nor a surplus. The term budget-balanced mechanism is sometimes used as a shorthand for WBB, and sometimes as a shorthand for SBB.WBB, and sometimes as a shorthand for SBB.
|
| http://dbpedia.org/ontology/wikiPageID
|
65597539
|
| http://dbpedia.org/ontology/wikiPageLength
|
8377
|
| http://dbpedia.org/ontology/wikiPageRevisionID
|
1107338597
|
| http://dbpedia.org/ontology/wikiPageWikiLink
|
http://dbpedia.org/resource/Category:Auction_theory +
, http://dbpedia.org/resource/Category:Mechanism_design +
, http://dbpedia.org/resource/Truthful_mechanism +
, http://dbpedia.org/resource/Myerson%E2%80%93Satterthwaite_theorem +
, http://dbpedia.org/resource/Mechanism_design +
, http://dbpedia.org/resource/Balanced_budget_amendment +
, http://dbpedia.org/resource/Double_auction +
, http://dbpedia.org/resource/Vickrey_auction +
, http://dbpedia.org/resource/Balanced_budget +
, http://dbpedia.org/resource/Government_budget_balance +
, http://dbpedia.org/resource/Deficit_spending +
, http://dbpedia.org/resource/Economics +
, http://dbpedia.org/resource/Pareto-efficient +
, http://dbpedia.org/resource/Bilateral_trade +
, http://dbpedia.org/resource/Surplus_%28economics%29 +
, http://dbpedia.org/resource/Gains_from_trade +
|
| http://dbpedia.org/property/wikiPageUsesTemplate
|
http://dbpedia.org/resource/Template:Auction +
, http://dbpedia.org/resource/Template:Reflist +
|
| http://purl.org/dc/terms/subject
|
http://dbpedia.org/resource/Category:Auction_theory +
, http://dbpedia.org/resource/Category:Mechanism_design +
|
| http://www.w3.org/ns/prov#wasDerivedFrom
|
http://en.wikipedia.org/wiki/Budget-balanced_mechanism?oldid=1107338597&ns=0 +
|
| http://xmlns.com/foaf/0.1/isPrimaryTopicOf
|
http://en.wikipedia.org/wiki/Budget-balanced_mechanism +
|
| owl:sameAs |
https://global.dbpedia.org/id/FVdz2 +
, http://dbpedia.org/resource/Budget-balanced_mechanism +
, http://www.wikidata.org/entity/Q104864057 +
|
| rdfs:comment |
In mechanism design, a branch of economics … 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 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 0. This means that all payments are made among the participants - the mechanism has neither a deficit nor a surplus. The term budget-balanced mechanism is sometimes used as a shorthand for WBB, and sometimes as a shorthand for SBB.WBB, and sometimes as a shorthand for SBB.
|
| rdfs:label |
Budget-balanced mechanism
|
