PL EN


2004 | 51 | 9 | 777-809
Article title

The soft budget constraint I-II

Title variants
Languages of publication
HU
Abstracts
EN
In this study published in two parts (see Part I : ibid. Vol. 51. No. 7/8, 608-624.) the authors propose a clarification of the notion of soft budget constraint, which is widely used in analysis of socialist, transitional and market economies alike. The interpretation in the study is broad enough to embrace most existing approaches to soft budget constraint phenomena and provides a classification of the causes and consequences of these. In the light of this, the study goes on to review the theoretical literature on the subject and compare it with work on other dynamic commitment problems in economics.
Year
Volume
51
Issue
9
Pages
777-809
Physical description
Document type
ARTICLE
Contributors
author
author
author
  • J. Kornai, no address given, contact the journal editor
References
Document Type
Publication order reference
Identifiers
CEJSH db identifier
06HUAAAA00661651
YADDA identifier
bwmeta1.element.9df117e1-a677-30ec-bc2a-bb7d3eff1321
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