Lazy allocation is a model for allocating objects on the execution stack of a high-level language which does not create dangling references. Our model provides safe transportation into the heap for objects that may survive the deallocation of the surrounding stack frame. Space for objects that do not survive the deallocation of the surrounding stack frame is reclaimed without additional effort when the stack is popped. Lazy allocation thus performs a first-level garbage collection, and if the language supports garbage collection of the heap, then our model can reduce the amortized cost of allocation in such a heap by filtering out the short-lived objects that can be more efficiently managed in LIFO order. A run-time mechanism called result expectation further filters out unneeded results from functions called only for their effects. In a shared-memory multi-processor environment, this filtering reduces contention for the allocation and management of global memory. Our model performs s...