In our model, a binding incentive compatibility constraint leads to a reduction in effort devoted to cost reduction, and a binding participation constraint will also lead to a violation of Samuelson's optimality condition for public good provision.
"Some of that money can be devoted to deficit reduction," Mr. Obama told reporters.
He has devoted extraordinary time and effort to addressing the nation's vexing fiscal problems, and is closely associated with and devoted to deficit reduction.
Critics say that by creating a billion-dollar foundation devoted to deficit reduction, you're getting a tax break, thereby increasing the deficit.
Much of my scholarship and public service in recent decades — including my service at the Council of Economic Advisers during the Clinton administration, and then at the World Bank — has been devoted to the reduction of poverty and inequality.
At the same time, they presented their own party as a centrist steward of fiscal responsibility, showcasing the Democrats' call for a smaller tax cut, of below $1 trillion, and more money devoted to debt reduction as the responsible course for the era of surpluses.
Instead, he said that the top two income tax rates should be frozen around 36 percent and 39.6 percent, which are levels from the Clinton era, and that any additional revenue generated by closing loopholes and curtailing or eliminating tax deductions and credits should be devoted to deficit reduction.
Recently, research efforts have been devoted to the reduction of peak SAR in the human head for handset applications.
We conclude with a section on books, Web sites, and training and treatment centres devoted to harm reduction psychotherapy.
Images of steel surfaces contain a lot of noise, and pre-processing in most papers is devoted to noise reduction and highlighting defective region from background.
