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Theories 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
Lihat Detail Induk
Isi artikel
A 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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