The soft budget constraint I-II

• Authors: Kornai J. , Maskin E. , Roland G.
• 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.

Keywords

EN

ENTERPRISE; RESTRUCTURING; SOFT BUDGET CONSTRAINT; TRANSITION ECONOMIES

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Committee for Economic Sciences of the Hungarian Academy of Sciences
• Journal: Kozgazdasagi Szemle (Economic Review)
• Year: 2004
• Volume: 51
• Issue: 9
• Pages: 777-809
• Document type: ARTICLE

Contributors

author

Kornai J.

author

Maskin E.

author

Roland G.

• J. Kornai, no address given, contact the journal editor

Identifiers

CEJSH db identifier

06HUAAAA00661651