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ArtikelTheories of The Soft Budget-Constraint  
Oleh: Maskin, Eric S.
Jenis: Article from Bulletin/Magazine
Dalam koleksi: JAPAN AND THE WORLD ECONOMY vol. 8 no. 2 (1996), page 125-134.
Topik: budgets; soft - budget constraint
Ketersediaan
  • Perpustakaan Pusat (Semanggi)
    • Nomor Panggil: JJ47.6
    • Non-tandon: 1 (dapat dipinjam: 0)
    • Tandon: tidak ada
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Isi artikelA soft budget - constraint arises whenever a funding source finds it impossible to keep an enterprise to a fixed budget, i. e., whenever the enterprise can extract ex post a bigger subsidy or loan than would have been considered efficient ex ante. We review several recent theoretical models that attempt to predict the sort off economies in which soft budget-constraints are likely to be present.
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