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Aid and the Soft Budget Constraint

โœ Scribed by Thorsten Janus


Book ID
111004446
Publisher
John Wiley and Sons
Year
2009
Tongue
English
Weight
144 KB
Volume
13
Category
Article
ISSN
1363-6669

No coin nor oath required. For personal study only.


๐Ÿ“œ SIMILAR VOLUMES


SOFT BUDGET CONSTRAINT RECONSIDERED
โœ Mehrdad Vahabi ๐Ÿ“‚ Article ๐Ÿ“… 2011 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 146 KB
Irrelevance of the soft budget constrain
โœ A. Bajt ๐Ÿ“‚ Article ๐Ÿ“… 1991 ๐Ÿ› Springer US ๐ŸŒ English โš– 771 KB

Kornai's thesis that shortage results from demand expansions bred by the soft budget constraint, derives from his implicit assumption that price regimes of input and output firms are different. Since any firm is both an input and an output firm, which discards the assumption as logically untenable,