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The auction is shown to be incentive-compatible, individually rational, budget balanced, monotonic, and convergent.
Both the MS-MDA and M-MDA mechanisms are incentive compatible, individually rational, budget balanced and computationally efficient.
"I continue to work with my colleagues in urging the White House and Congressional leaders to at least provide enough flexibility for agencies to make more rational budget decisions," Mr. Warner said in a statement.
In his understated way, Mr. Annan told member nations last week that the organization needed a more "rational" budget process, and said he was putting Ms. Frechette in charge of finding one.
We use a simplified two-period version of Rogoff's [Rogoff, K., 1990. Equilibrium political budget cycles. American Economic Review 80, 21 36.] rational budget cycle model to address the normative issue of reducing the budget deficit in pre-electoral periods.
Any rational budget analyst would mark this deanship for the ax, since it overlaps with the senior vice provost for faculty development and diversity and with the co-chairpersonships of the Standing Committee on Women.
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The random-selection model can also be the basis of a rational budgeting strategy for an illogical world.
Unless all of the state universities have a more rational budgeting process, the system will continue its decline, and New York's students will suffer.
Restoring market discipline through a no-bail-out rule, stronger fiscal federalism, a deeper single market and a more rational EU budget could create a system that requires less bossy interference by Brussels.
They present a mechanism, which is implementable in Nash equilibrium, individually rational and budget balanced.
A reasonable and rational defense budget would be a fitting memorial to those who have given their lives so we may remain free.
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CEO of Professional Science Editing for Scientists @ prosciediting.com