Search Results - subject:"Budget constraints"

International Monetary Fund (IMF); International … - 2006

This paper reviews the trade-offs in Switzerland, focusing on challenges for fiscal policy coordination. It reviews the benefits and costs of a highly decentralized government, describes the Swiss institutional architecture, and analyzes Switzerlandâ€™s fiscal performance. It also discusses...

Persistent link: https://www.econbiz.de/10011244997

Russian Federation; Selected Issues

International Monetary Fund (IMF); International … - 2006

Russiaâ€™s large oil and gas reserves play a key role in its economic development. As with many other large oil exporters, Russiaâ€™s energy wealth is also posing numerous challenges to macroeconomic management. Although fiscal policy has saved a large part of the oil windfall in the...

Persistent link: https://www.econbiz.de/10011245715

Size and soft budget constraints

Crivelli, Ernesto; Staal, Klaas - 2006

There is much evidence against the so-called too big to fail hypothesis in the case of bailouts to sub-national governments. We look at a model where districts of different size provide local public goods with positive spillovers. Matching grants of a central government can induce...

Persistent link: https://www.econbiz.de/10010365894

The Effects of Bailouts and Soft Budget Constraints on the Environment

Wood, Joel - In: Environmental & Resource Economics 54 (2013) 1, pp. 127-137

This paper investigates the effects of financial relief programs, commonly referred to as ‘bailouts’, on pollution. A partial equilibrium soft budget constraint model of the firm is developed to identify the effect of bailouts on the emission decisions of firms. The results from the model...

Persistent link: https://www.econbiz.de/10010862770

The timing of elections in federations: a disciplining device against soft budget constraints?

Kaiser, Karolina; Taugourdeau, Emmanuelle - In: Public Choice 154 (2013) 3, pp. 197-215

potential to harden budget constraints. Specifically, we ask under which circumstances the soft budget constraint problem is …

Persistent link: https://www.econbiz.de/10010988062

Size, spillovers and soft budget constraints

Crivelli, Ernesto; Staal, Klaas - In: International Tax and Public Finance 20 (2013) 2, pp. 338-356

There is much evidence against the so-called “too big to fail” hypothesis in the case of bailouts to subnational governments. We look at a model where districts of different size provide local public goods with positive spillovers. Matching grants of a central government can induce...

Persistent link: https://www.econbiz.de/10010988681

Keyword auctions with budget-constrained bidders

Koh, Youngwoo - In: Review of Economic Design 17 (2013) 4, pp. 307-321

We study a keyword auction model where bidders have constrained budgets. In the absence of budget constraints, Edelman … “equilibria with budget constraints” in our setting. We then consider a simple environment with one position and two bidders and … show that a search engine’s revenue with budget constraints may be larger than its revenue without budget constraints …

Persistent link: https://www.econbiz.de/10010994697

When does inter-school competition matter? : evidence from the Chilean “voucher” system

Gallego, Francisco A. - In: The B.E. journal of economic analysis & policy 13 (2013) 2, pp. 525-562

Persistent link: https://www.econbiz.de/10010236697

Keyword auctions with budget-constrained bidders

Koh, Youngwoo - In: Review of economic design : RED 17 (2013) 4, pp. 307-321

Persistent link: https://www.econbiz.de/10010223126

The timing of elections in federations : a disciplining device against soft budget constraints?

Kaiser, Karolina; Taugourdeau, Emmanuelle - In: Public choice 154 (2013) 3/4, pp. 197-215

Persistent link: https://www.econbiz.de/10009721472