Not infrequently, the so-called Rule of Rescue gets invoked as an allegedly self-evident constraint to the CBE-goal of maximizing health benefit with a given health budget. In this paper this constraint is critically analyzed. It will be argued that some of its implications are worth considering—but not the inherently vague Rule as such.

In keyword search advertising, many advertisers operate on a limited budget. Yet how limited budgets affect keyword search advertising has not been extensively studied. This paper offers an analysis of the generalized second-price auction with budget constraints. We find that the budget constraint may induce advertisers to raise their bids to the highest possible amount for two different motiva...

We consider the problem of link capacity dimensioning and bandwidth allocation in networks that support elastic flows and maintain proportional fairness among these flows. We assume that a certain allocated bandwidth to a user demand generates revenue for the network operator. On the other hand, the operator is incurred a capacity dependent cost for each link in the network. The operator’s prof...

The Interactions between Debt and Currency Crises – Common Causes or Contagion? In contrast to the well-known twin currency and banking crises the literature has so far neglected a second type of twin crises, the simultaneous occurrence of currency and debt crises. The decision of a government to devalue and/or to default is closely interlinked through the government’s intertemporal budget cons...