I put forward a new theoretical framework to analyze the relationship between soft budget constraint syndrome and the economic performances of firms. It differs from the existing theoretical framework, à la Dewatripont and Maskin (1995), in the soft budget constraint literature. In this paper, soft budget constraint syndrome arises when firms that are expected to lose money are financed. The pa...

In keyword auctions, advertisers bid for keywords. Currently, bids and allocations are made on a per keyword basis. We show that this mechanism is neither efficient nor truthful under demand or budget constraints and provide a truthful efficient (quasi) polynomial mechanism for allocating keywords under budget constraints. As a side effect our proposed mechanism has higher revenue than the curr...

Recent BOOMERANG and MAXIMA-I analyses of the angular power spectrum of the Cosmic Microwave Background put more stringent constraints on the cosmological parameters. I show that these constraints are consistent with the observed baryon budget in clusters of galaxies, allowing any further contribution to this budget from baryons not in stars and not X-ray emitting to be less than 14 per cent at...

.............................................................................................................................. 5 Introduction......................................................................................................................... 5 Improvements to Genetic Algorithms................................................................................. 6 Precedence Rel...

Cloud computing is a rapidly growing area. Cloud Computing offers utility-oriented IT services to the users worldwide over the internet. As compared to grid computing, the problem of resource management is transformed into resource virtualization and allocations. Effective scheduling is a key concern for the execution of performance driven applications, such as workflows in dynamic and cost-dri...

We study how budget constraints affect effort provision in sequential elimination tournaments. Our main result is that introducing has two opposing effects on the unconstrained contestants' initial and leads to a non-monotonicity of this effort. This implies if asymmetry not too large, total first-stage from contestants larger than case with only. also provide evidence may be an asymmetric cont...