The budgetary capacity with the tax component as its key aspect is the basis for forming local budgets of a territorial community. The paper outlines the methods for diagnostics of the budgetary capacity of territorial communities by revenues aimed at providing a comprehensive quantitative and qualitative assessment of the status, strengths, and weaknesses of the economy of an administrative-te...
Alexander F. Wagner,
Richard J. Zeckhauser,
How should an organization’s center allocate resources units under its control which are better informed? Even with conscientious productivity reviews, important information will remain asymmetrically held. If units value their own expenditures more than those of their peers, they will seek excess budgets and expenditures. Fortunately, budget authorities can infer productivities from units’ exp...
Debbie Budlender: Debbie Budlender is a principal researcher for the Community Agency for Social Enquiry (CASE), Cape Town, South Africa. A founding member of the South African Women's Budget Initiative, she is the leading international adviser on gender responsive budget (GRB) initiatives, having worked in Africa, Asia, the Caribbean, Europe and the Americas. She has also written extensively o...
We study online auction settings in which agents arrive and depart dynamically in a random (secretary) order, and each agent’s private type consists of the agent’s arrival and departure times, value and budget. We consider multi-unit auctions with additive agents for the allocation of both divisible and indivisible items. For both settings, we devise truthful mechanisms that give a constant app...
Personal health budgets (PHBs) were piloted in the National Health Service (NHS) in England between 2009 and 2012 and were found to have greater positive effects on quality of life and psychological well-being for those with mental health problems than commissioned service, as well as reducing their use of unplanned care. The government intends to extend PHBs in England for long-term conditions...
We consider budget constrained combinatorial auctions where bidder i has a private value vi for each of the items in some set Si, agent i also has a budget constraint bi. The value to agent i of a set of items R is |R ∩ Si| · vi. Such auctions capture adword auctions, where advertisers offer a bid for those adwords that (hopefully) reach their target audience, and advertisers also have budgets....
Open-cast lignite mining is causing large-scale and long-term disturbance, resulting in a destruction of existing ecosystems and creation of landscapes formed by overburden spoil piles. Overburden sediments can largely differ from parent geological material of previously existing and undisturbed sites. It is expected that new soils and ecosystems will develop from overburden sediments with elem...
Financial plans of clinical commissioning groups are being derailed by emergency hikes in prices of generic drugs, which have led to soaring costs, The BMJ has learnt. Last month The BMJ reported that ongoing shortages of generic drugs cost the NHS £38m in November 2017, as the government agreed more emergency price increases to boost stocks. An examination of board papers by The BMJ has found ...
We study the benchmark independent private value auction setting when bidders have endogenously determined budgets. Before bidding, a bidder decides how much money she will borrow. Bidders incur a cost to borrowing. We show that bidders are indifferent between participating in a first-price, second-price and all-pay auction. The all-pay auction gives higher revenue than the first-price auction,...