In this study, we show that debt centralization could result in soft
budget constraint (SBC) of local governments by building and analyzing a stylized model that might be new to the literature.
This paper investigates how bank capital regulation affects the soft
budget constraint problem.
He said, 'The only place in the company that doesn't have a
budget constraint is that area, because how would I know how to assess, why would I take my judgment and say you could do this cheaper.
The
budget constraint of the government is usually 'soft', meaning that government can relax this constraint when needed.
They did not care enough about how irrelevant some crucial hypotheses such as price flexibility or a balanced
budget constraint would become when a team was no longer a profit-maximizing, price-taking entity.
"I think our customers are telling us that we have to help them with their
budget constraint problem," said Larry Payne, Cisco vice president of federal sales.
An attempt has been made to maximize the output function of an agency subject to a nonlinear
budget constraint by assuming that the agency gets price discounts for purchasing larger quantities of other inputs.
Substituting Equation (4) into Equation (1) yields another
budget constraintHouseholds are endowed with one unit of time which can be devoted to work or leisure, and face the following
budget constraint:
Section III presents the formal graphical analysis of these constraints by deriving what we label the regulator's "benefits
budget constraint." As its name suggests, the benefits
budget constraint defines the locus of maximum benefits the regulator is able to deliver to the affected interest groups.
Possible regulatory outcomes are then studied under alternative assumptions about regulators' preferences regarding banking industry performance and the extent to which deposit insurance and bank examination are integrated activities financed under a consolidated
budget constraint. In some cases, regulatory competition leads to efficient policy choices, while in others competition results in inefficient outcomes.
With workflow automation, PDA users can initiate one-click purchasing for orders within a predefined
budget constraint or initiate an approval process for large purchases.