Theories of the soft budget-constraint

Japan and the World Economy

Volumn 8, Issue 2, 1996, Pages 125-133

  Maskin, Eric S ^a  

^a HARVARD UNIVERSITY   (United States)

Author keywords

Credit allocation; Ownership rights; Production; Soft budget constraints

Indexed keywords

EID: 0030160319     PISSN: 09221425     EISSN: None     Source Type: Journal    
DOI: 10.1016/0922-1425(96)00038-2     Document Type: Article

References (8)

1. Boycko, M., A. Shleifer and R. Vishny, 1993, Property rights, soft budget-constraints, and privatization, mimeo.
2. Dewatripont, M. and E. Maskin, 1995, Credit and efficiency in centralized and decentralized economies, Review of Economic Studies 62, 541-556.
3. Kornai, J., 1979, Economics of shortage (North-Holland, Amsterdam).
4. Li, D., 1992, Essays on ownership, corporate control, and privatization, Ph.D. Dissertation, Harvard.
5. Qian, Y., 1994, A theory of shortage in socialist economies based on the soft budget-constraint, The American Economic Review 84, 145-156.
6. Qian, Y. and C. Xu, 1991, Innovation and financial constraints in centralized and decentralized economies, London School of Economics, CEP Discussion Paper.
7. Segal, I., 1993, Monopoly and soft budget-constraint, mimeo.
8. Shleifer, A. and R. Vishny, 1994, Politicians and firms, mimeo.