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The Concept of the Soft Budget Constraint Syndrome in Economic Theory

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  • Kornai, Janos

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  • Kornai, Janos, 1998. "The Concept of the Soft Budget Constraint Syndrome in Economic Theory," Journal of Comparative Economics, Elsevier, vol. 26(1), pages 11-17, March.
    • Handle: RePEc:eee:jcecon:v:26:y:1998:i:1:p:11-17
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    References listed on IDEAS

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    1. Kornai, J, 1979. "Resource-Constrained versus Demand-Constrained Systems," Econometrica, Econometric Society, vol. 47(4), pages 801-819, July.
    2. János Kornai, 2014. "The soft budget constraint," Acta Oeconomica, Akadémiai Kiadó, Hungary, vol. 64(supplemen), pages 25-79, November.
    3. Bai, Chong-en & Wang, Yijiang, 1998. "Bureaucratic Control and the Soft Budget Constraint," Journal of Comparative Economics, Elsevier, vol. 26(1), pages 41-61, March.
    4. M. Dewatripont & E. Maskin, 1995. "Credit and Efficiency in Centralized and Decentralized Economies," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 62(4), pages 541-555.
    5. Qian, Yingyi, 1994. "A Theory of Shortage in Socialist Economies Based on the "Soft Budget Constraint."," American Economic Review, American Economic Association, vol. 84(1), pages 145-156, March.
    6. Kornai, Janos & Weibull, Jorgen W., 1983. "Paternalism, buyers' and sellers' market," Mathematical Social Sciences, Elsevier, vol. 6(2), pages 153-169, November.
    7. Thomas Rawski, 1997. "Who has soft budget constraints?," Global Economic Review, Taylor & Francis Journals, vol. 26(1), pages 29-49.
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    Cited by:

    1. Budina, Nina & Garretsen, Harry & Jong, Eelke de, 1999. "Liquidity constraints and investment in transition economies : the case of Bulgaria," Research Report 00E05, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
    2. Brucker, Herbert & Schroder, Philipp J.H. & Weise, Christian, 2005. "Can EU conditionality remedy soft budget constraints in transition countries?," Journal of Comparative Economics, Elsevier, vol. 33(2), pages 371-386, June.
    3. Lubomír Lízal & Jan Svejnar, 2002. "Investment, Credit Rationing, And The Soft Budget Constraint: Evidence From Czech Panel Data," The Review of Economics and Statistics, MIT Press, vol. 84(2), pages 353-370, May.
    4. Ding Yuan & Zhang Hua & Zhang Junxi, 2008. "The financial and operating performance of Chinese family-owned listed firms," Management International Review, Springer, vol. 48(3), pages 297-318, May.
    5. Huang, Weiting & Pang, Xiaobo, 2008. "高校预算软约束的制度成因及其治理 [Institutional Causality of Soft Budget Constraints in Chinese Higher Education Sector and its Implications for Governance]," MPRA Paper 11500, University Library of Munich, Germany.
    6. Elisabetta Bertero & Laura Rondi, 2002. "Hardening a Soft Budget Constraint Through 'Upward Devolution' to a Supranational Institution: The Case of Italian State-Owned Firms and the European Union," WIDER Working Paper Series DP2002-16, World Institute for Development Economic Research (UNU-WIDER).
    7. Mehrdad Vahabi, 2001. "The Soft Budget Constraint: A Theoretical Clarification," Post-Print hal-00629160, HAL.
    8. Alexander Fink & Thomas Stratmann, 2011. "Institutionalized Bailouts and Fiscal Policy: Consequences of Soft Budget Constraints," Kyklos, Wiley Blackwell, vol. 64(3), pages 366-395, August.
    9. Ernesto Crivelli & Klaas Staal, 2010. "Nationalizations and Efficiency," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 16(2), pages 239-240, May.
    10. Alexei Deviatov & Barry W. Ickes, 2005. "Reputation and the Soft-Budget Constraint," Working Papers w0078, Center for Economic and Financial Research (CEFIR).
    11. Coricelli, Fabrizio & Djankov, Simeon, 2001. "Hardened Budgets and Enterprise Restructuring: Theory and an Application to Romania," Journal of Comparative Economics, Elsevier, vol. 29(4), pages 749-763, December.
    12. Djankov, Simeon, 1999. "The Enterprise Isolation Program in Romania," Journal of Comparative Economics, Elsevier, vol. 27(2), pages 281-293, June.
    13. Jihe Song & Shumei Gao, 2000. "A Model of Budget Constraint and Enterprise Restructuring," CERT Discussion Papers 0001, Centre for Economic Reform and Transformation, Heriot Watt University.
    14. Sangeetha Gunasekar & Jayati Sarkar, 2014. "Does autonomy matter in state owned enterprises? Evidence from performance contracts in India," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2014-034, Indira Gandhi Institute of Development Research, Mumbai, India.
    15. Xunpeng Shi, 2010. "Restructuring in China's State‐owned Enterprises: Evidence from the Coal Industry," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 18(3), pages 90-105, May.

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