= Budget-feasible mechanism
{wiki=Budget-feasible_mechanism}
A budget-feasible mechanism is a concept often used in economic theory and mechanism design. It refers to a type of mechanism or system that operates within a set budget constraint while still achieving certain objectives, such as efficiency or fairness. In the context of mechanism design, a mechanism refers to a formal structure that facilitates the interaction among participants (like buyers and sellers or agents) to achieve specific outcomes based on their preferences.
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