ACRL’s 1988/89 budget

Budget Dynamics

Introduction Budget dynamics may sound as a contradiction in terms to scholars familiar with Wildavsky and colleagues' seminal work on public budgeting (Wildavsky 1964). As stated by Davis, Dempster, and Wildavsky (1966, 529): " This year's budget is based on last year's budget, with special attention given to a narrow range of increases or decreases. " For some years this simple model was cons...

Budget - Constrained

We study optimal procurement mechanisms for a financially constrained buyer subject to ex post incentive compatibility and individual rationality. In our setup, a buyer who has a fixed budget wishes to purchase a homogeneous product up to a maximum demand amount. We characterize the optimal mechanism when the budget constraint always binds and when the maximum demand constraint always binds. Wh...

Budget Theory and Budget Practice: How Good the Fit?

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Beyond the Annual Budget Beyond the Annual Budget

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Policy Punctuations : US Budget