Search Results - subject:"Budget constraint"

Stability and incentives for college admissions with budget constraints

Abizada, Azar - In: Theoretical Economics 11 (2016) 2, pp. 735-756

We study two-sided matching where one side (colleges) can make monetary transfers (offer stipends) to the other (students). Colleges have fixed budgets and strict preferences over sets of students. One different feature of our model is that colleges value money only to the extent that it allows...

Persistent link: https://www.econbiz.de/10011599583

Central bank design in a non-optimal currency union: A lender of last resort for government debt?

Spahn, Peter - 2016

Without a Lender of Last Resort for government debt, multiple equilibria in bond markets may ensue where default emerges for non-fundamental reasons. The stabilising power of central bank interventions does not build on a real debt depreciation via inflation, but on a swap of bonds and central...

Persistent link: https://www.econbiz.de/10011622967

A firefly algorithm for solving competitive location-design problem: A case study

Sadjadi, Seyed Jafar; Ashtiani, Milad Gorji; … - In: Journal of Industrial Engineering International 12 (2016), pp. 517-527

design level of them under the budget constraint in a competitive environment by a novel hybrid continuous and discrete …

Persistent link: https://www.econbiz.de/10011640919

A micro-funded theory of multilateral resistance to migration

Marchal, Léa; Naiditch, Claire - 2016

determine migration trends. We build a RUM model in which we explicitly introduce the budget constraint in the migration … depends on the characteristics of the origin and destination countries and their relative accessibility, and also on a budget … constraint term. This term depends on the attributes of alternative destinations. Thus, the model exhibits multilateral …

Persistent link: https://www.econbiz.de/10011540015