In economics, a budget constraint represents all the combinations of goods and services that a consumer may purchase given current prices within their...

last year's debt and this year's total deficit, using the government budget constraint: D t = ( 1 + r ) D t − 1 + G t − T t . {\displaystyle...

In economics and finance, an intertemporal budget constraint is a constraint faced by a decision maker who is making choices for both the present and...

the budget constraint (a straight line). The graph shows an initial budget constraint BC1 with resulting choice at tangency point A, and a new budget constraint...

1) Check if Walras's law is satisfied 2) 'Bang for buck' 3) the budget constraint 4) Check for negativity Walras's law states that if a consumers preferences...

their expenditures), by maximizing utility subject to a consumer budget constraint. Factors influencing consumers' evaluation of the utility of goods...

The most commonly used criterion is the government's inter-temporal budget constraint or inter-temporal equilibrium condition: B t = ∑ i = 1 ∞ ( 1 + r )...

change in budget constraint we can never be sure to what extent the change in behavior was due to the change of price or budget constraint and how much...

Budget line may refer to: A line or item within a budget Budget constraint, a limit to consumer purchases Value brand, a lower-priced product This disambiguation...

sales tax. Like budget incidence, differential incidence can be studied in a closed model in which the government budget constraint is always satisfied...

block grant on a town's budget constraint. According to microeconomic theory, the grant shifts the town's budget constraint outwards, enabling the town...

Walras's law is a principle in general equilibrium theory asserting that budget constraints imply that the values of excess demand (or, conversely, excess market...

budget constraint. In other words, it refers to the amount of consumption that would be chosen by a person so rich that money imposed no constraint on...

problem in which an individual seeks to maximize utility subject to a budget constraint. Economists use the extreme value theorem to guarantee that a solution...

working. With the condition of a constant wage rate, we can put the budget constraint into a graph. Work or leisure are the only options someone has when...

curves with the various budget constraint lines, with prices held constant, as income increases shifting the budget constraint out. The income effect is...

purchasing power. The institutional outcomes involve the so-called soft budget constraint in which production units under a planned economy form expectations...

points of tangency between the indifference curve and the budget constraint as the budget constraint changes is called the expansion path, and correlates to...

reveal additional information by comparing two separate bundles from budget constraints. It is often desirable in economic models to prevent such "loops"...

by the project's budget, deadlines and scope (features). The project manager can trade between constraints. Changes in one constraint necessitate changes...

consumer. The budget line is the constraint. In the usual case, constrained utility is maximized on the budget constraint with strictly positive quantities...

prioritization by economic analysis. The panel is given an arbitrary budget constraint and instructed to use cost–benefit analysis to focus on a bottom line...

strike Only 17 episodes were produced due to a writers' strike and budget constraint Number of episodes reduced due to the 1988 Writers Guild of America...

American as…Plasmodium vivax?" Gomulka, Stanislaw: "Kornai's Soft Budget Constraint and the Shortage Phenomenon: A Criticism and Restatement", in: Economics...

consumption–possibility frontier, is the budget constraint where participants in international trade can consume. Under autarky this constraint is identical to the production–possibility...

consumers are forward-looking and so internalize the government's budget constraint when making their consumption decisions. This leads to the result...

contextual bandits. Although is devoted to a special case with single budget constraint and fixed cost, the results shed light on the design and analysis...

inputs which cost the same total amount. Although similar to the budget constraint in consumer theory, the use of the isocost line pertains to cost-minimization...

consider how people pay for goods, other than to say everyone has a budget constraint. To be able to say anything about the money supply, inflation, monetary...

Provincial Budget Constraint", in Rodden, Eskeland, and Litvack (eds.), Fiscal Decentralization and the Challenge of Hard Budget Constraints (Cambridge...