The Soft Budget Constraint - The Emergence, Persistence and Logic of an Institution /

The soft budget constraint - today a popular metaphor - is a paradox. In socialist economies, it implies that the state tends to bail out state-owned firms in financial trouble, in spite of the tremendous performance problems of the entire system that result. When the socialist system broke down, th...

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Bibliographic Details

Main Author:	Skoog, Gun Eriksson
Corporate Author:	SpringerLink (Online service)
Format:	eBook
Language:	English
Published:	Boston, MA : Springer US, 2000.
Subjects:	Economics. Development economics. Industrial organization (Economic theory) Finance. Electronic books.
Online Access:	Connect to the full text of this electronic book