We study simultaneous ascending auctions of identical objects when bidders are financially constrained and their valuations exhibit complementarities. We assume the budget constraints are known but the values for individual objects are private information, and characterize noncollusive equilibria. The equilibria exhibit the exposure problem. The bidder with the highest budget is more reluctant ...

I study a principal’s optimal choice of constraint for an agent participating in an auction (or auction-like allocation mechanism). I give necessary and sufficient conditions on the principal’s beliefs about the value of the item for a simple budget constraint to be the optimal contract. The results link the observed use of budget constraints to their use in models incorporating budgetconstrain...

This paper presents a mechanism for execution-overrun management in real-time systems. It is defined as the time budget a faulty task can use in case of execution overrun without compromising the real-time constraints of all the tasks in the system. This mechanism enables to cope with execution overrun before a deadline miss. Budget use the allowance notion which depends on free resources. We s...

Several football stadiums were built or renovated in France for hosting the 2016 UEFA European Football Championship. This study examines to what extent financial support by local governments stadium construction renovation induces soft budget constraints (SBC) professional sports clubs. We address research question based on a quantitative case context of and eight that took place between 2012 ...

In species that live in stable groups, successful management of time budget (i.e., the proportion involved different behaviours) and social relationships has been proposed to be a key variable affecting individual fitness. Such is limited by constraints, which are group size season dependancy. However, link between constraints grooming patterns as means service never studied experimentally. Her...