Search Results - subject:"Budget constraints"

A note on the incompatibility of strategy-proofness and Pareto-optimality in quasi-linear settings with public budgets

Lavi, Ron; May, Marina - In: Economics Letters 115 (2012) 1, pp. 100-103

We show that any deterministic mechanism, for allocating identical items that are complements to budget-constrained bidders, cannot simultaneously satisfy individual-rationality, strategy-proofness, Pareto-efficiency, and no-positive-transfers. This holds even for two bidders, two items, and...

Persistent link: https://www.econbiz.de/10010572199

On the Continuous Equilibria of Affiliated-Value, All-Pay Auctions with Private Budget Constraints, Second 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/10010685213

Local governments' fiscal balance and privatization in transition countries

Crivelli, Ernesto - In: The economics of transition 20 (2012) 4, pp. 677-703

Persistent link: https://www.econbiz.de/10009712809

A comparative model of party-states: the structural reasons behind similarities and differences in self-reproduction, reforms and transformation

Csanadi, Maria - 2004

This paper draws up an empirically based comparative analytical model called by its constructor as the Interactive party-state model (IPS). It details the elements, the principles of connection of these elements and the principle of operation of the whole party-state construct. It also defines...

Persistent link: https://www.econbiz.de/10010494306

The political economy of restructuring and subsidisation: an international perspective

Everaert, Greetje M.M. - 2004

, thereby hardening budget constraints. Hence, the model illustrates that external constraints such as countervailing tariffs …

Persistent link: https://www.econbiz.de/10012148473

The Political Economy of Restructuring and Subsidisation: An International Perspective

Everaert, Greetje M.M. - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2004

, thereby hardening budget constraints. Hence, the model illustrates that external constraints such as countervailing tariffs …

Persistent link: https://www.econbiz.de/10005648632

Hong Kong SAR; Meeting the Challenges of Integration with the Mainland

Lee, William; Chan-Lau, Jorge A.; Iakova, Dora M.; Papa … - International Monetary Fund (IMF) - 2004

This Occasional Paper provides an overview of the main challenges facing Hong Kong SAR as it continues to become more closely integrated with the mainland of China. Section I provides an overview of recent macroeconomic developments and the main policy issues in Hong Kong SAR. Section II...

Persistent link: https://www.econbiz.de/10005590857

Republic of Tajikistan; Second Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, and Request for a Waiver of Performance Criterionâ€”Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Tajikistan

International Monetary Fund (IMF); International … - 2004

Discussions on the Second Review Under the Poverty Reduction and Growth Ffacility (PRGF) arrangement took place in Dushanbe. The IMF-supported program concentrates on enhancing macroeconomic stability and implementing structural reform in the key areas of banking, energy, and agriculture. The...

Persistent link: https://www.econbiz.de/10005591027

Republic of Palau; 2003 Article IV Consultationâ€”Staff Report; and Public Information Notice on the Executive Board Discussion

International Monetary Fund (IMF); International … - 2004

The Republic of Palau is a small island economy, heavily dependent on tourism and external assistance. Economic growth has been modest in the last few years and inflation is low. The authorities launched a wide range of reform initiatives since 2001, but several important ones have stalled in...

Persistent link: https://www.econbiz.de/10005591479

Romania; Ex Post Assessment of Longer-Term Program Engagementâ€”Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Romania

International Monetary Fund (IMF); International … - 2004

This paper reviews the experience of the IMFâ€™s long-term engagement in Romania and options for future IMF involvement. The unfavorable growth performance also reflected adverse conditions for private sector development. Foreign investors have welcomed the more stable macroeconomic...

Persistent link: https://www.econbiz.de/10005591494