Search Results - subject:"Budget constraints"

Serbia and Montenegro; 2005 Article IV Consultation Staff Report; Fifth Review Under the Extended Arrangement, Financing Assurances Review, and Request for Waiver of Nonobservance of Performance Criteria and Rephasing of Purchasesâ€”Staff Report; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Serbia and Montenegro

International Monetary Fund (IMF); International … - 2005

This 2005 Article IV Consultation highlights that macroeconomic imbalances in Serbia and Montenegro widened in 2004, putting at risk some of the impressive earlier achievements. Growth, about 5 percent in nonagriculture since 2002, has been fueled by a surge in domestic demand. Lack of...

Persistent link: https://www.econbiz.de/10005252689

On the Implementation of Transfers to Subnational Governments

Searle, Bob; Ahmad, Ehtisham - International Monetary Fund (IMF) - 2005

This paper examines a typology of grants that are used across the world, and places these in the context of the overall constitutional and legal framework for a country. It looks at the options for grants, given the need to maintain overall macroeconomic stability, efficiency in the use of...

Persistent link: https://www.econbiz.de/10005264097

Simultaneous Ascending Auctions with Complementarities and Known Budget Constraints

Brusco, Sandro; Lopomo, Giuseppe - Economics Department, State University of New … - 2005

valuations exhibit complementarities. We assume the budget constraints are known but the values for individual objects are …

Persistent link: https://www.econbiz.de/10008461791

The need for regulating professional soccer in Europe : A soft budget constraint approach argument

Storm, Rasmus K. - In: Sport, Business and Management: An International Journal 2 (2012) 1, pp. 21-38

of soft budget constraints takes political, cultural and emotional aspects into account in order to understand economic … reasons why regulatory solutions are necessary to harden the budget constraints. … it within the field of European professional football. Findings – The paper finds substantial evidence of soft budget …

Persistent link: https://www.econbiz.de/10015006745

On the Continuous Equilibria of Affiliated-Value, All-Pay Auctions with Private Budget Constraints, Third Version

Kotowski, Maciej H.; Li, Fei - Department of Economics, University of Pennsylvania - 2012

We consider all-pay auctions in the presence of interdependent, affiliated valuations and private budget constraints … bidders. Budget constraints encourage more aggressive bidding among participants with large endowments and intermediate … valuations. We extend our results to the war of attrition where we show that budget constraints lead to a uniform amplification …

Persistent link: https://www.econbiz.de/10010822907

Supplier Portfolio Management for IT Services Considering Diversification Effects

Probst, Florian; Buhl, Hans - In: Business & Information Systems Engineering 4 (2012) 2, pp. 71-83

By means of service-oriented architectures the IT support of processes can be designed as a portfolio of individual IT services provided by different suppliers. The processes are designed based on selection decisions between IT services that potentially have to be included. Many companies...

Persistent link: https://www.econbiz.de/10010848857

A near Pareto optimal auction with budget constraints

Hafalir, Isa E.; Ravi, R.; Sayedi, Amin - In: Games and Economic Behavior 74 (2012) 2, pp. 699-708

In a setup where a divisible good is to be allocated to a set of bidders with budget constraints, we introduce a …

Persistent link: https://www.econbiz.de/10011049670

Multi-unit auctions with budget limits

Dobzinski, Shahar; Lavi, Ron; Nisan, Noam - In: Games and Economic Behavior 74 (2012) 2, pp. 486-503

We study multi-unit auctions for bidders that have a budget constraint, a situation very common in practice that has received relatively little attention in the auction theory literature. Our main result is an impossibility: there is no deterministic auction that (1) is individually rational and...

Persistent link: https://www.econbiz.de/10011049858

Soft budget constraints and strategic interactions in subnational borrowing: Evidence from the German States, 1975–2005

Baskaran, Thushyanthan - In: Journal of Urban Economics 71 (2012) 1, pp. 114-127

schemes. This paper explores whether such features of cooperative federations lead to subnational soft budget constraints … federation like Germany is susceptible to soft budget constraints. The results suggest that state borrowing in Germany exhibited … budget constraints and (ii) that they were more concerned about the likelihood of a bailout than about its volume. …

Persistent link: https://www.econbiz.de/10010582635

On the Continuous Equilibria of Affiliated-Value, All-Pay Auctions with Private Budget Constraints

Kotowski, Maciej H.; Li, Fei - Department of Economics, University of Pennsylvania - 2012

We consider all-pay auctions in the presence of interdependent, affiliated valuations and private budget constraints … bidders and we investigate its properties. Budget constraints encourage more aggressive bidding among participants with large … endowments and intermediate valuations. We extend our results to the war of attrition where we show that budget constraints lead …

Persistent link: https://www.econbiz.de/10010547620