Budget-additive valuation
Budget-additive valuation
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Budget-additive valuation

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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:

Budget-additive valuations are useful in the research of online advertising, combinatorial auctions, resource allocation, and market equilibrium.

Every additive valuation is a special case of a budget-additive valuation, in which the budget is infinite. Every budget-additive valuation is a submodular valuation.

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