Arbeitspapier
Provision of Social Goods and Soft Budget Constraints
Firms in socialist and transitional economies are often obliged to provide a social good in addition to a private good, which makes it difficult for a government to commit not to bail out the firm once it is in financial trouble. This creates a soft budget constraint syndrome which causes the firm to underinvest ex ante in order to extract state subsidy and thereby reduces dynamic efficiency. In this paper, we show that separating the provision of social goods from private goods can harden budget constraints, while introducing competition into the private market may not.
- Sprache
-
Englisch
- Erschienen in
-
Series: DIW Discussion Papers ; No. 360
- Klassifikation
-
Wirtschaft
- Thema
-
Betriebliche Sozialleistungen
Budgetrestriktion
Übergangswirtschaft
Reorganisation
Theorie der Unternehmung
Public Choice
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Zhang, Zhentang
Röller, Lars-Hendrik
- Ereignis
-
Veröffentlichung
- (wer)
-
Deutsches Institut für Wirtschaftsforschung (DIW)
- (wo)
-
Berlin
- (wann)
-
2003
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Zhang, Zhentang
- Röller, Lars-Hendrik
- Deutsches Institut für Wirtschaftsforschung (DIW)
Entstanden
- 2003
Ähnliche Objekte (12)
Provision of social goods and soft budget constraints
Provision of social goods and soft budget constraints
Provision of Social Goods and Soft Budget Constraints
Provision of social goods and soft budget constraints
Size and Soft Budget Constraints
Size and soft budget constraints
Size and soft budget constraints
Size, spillovers and soft budget constraints
An Empirical Approach for Evaluating Soft Budget Constraints
Soft budget constraints: political artefact or economic phenomenon?
Soft budget constraints : political artefact or economic phenomenon?
Soft budget constraints: political artefact or economic phenomenon?
Provision of social goods and soft budget constraints
Provision of social goods and soft budget constraints
Provision of Social Goods and Soft Budget Constraints
Provision of social goods and soft budget constraints
Size and Soft Budget Constraints
Size and soft budget constraints
Size and soft budget constraints
Size, spillovers and soft budget constraints
An Empirical Approach for Evaluating Soft Budget Constraints
Soft budget constraints: political artefact or economic phenomenon?
Soft budget constraints : political artefact or economic phenomenon?
Soft budget constraints: political artefact or economic phenomenon?
Provision of social goods and soft budget constraints
Provision of social goods and soft budget constraints
Provision of Social Goods and Soft Budget Constraints
Provision of social goods and soft budget constraints
Size and Soft Budget Constraints
Size and soft budget constraints
Size and soft budget constraints
Size, spillovers and soft budget constraints
An Empirical Approach for Evaluating Soft Budget Constraints
Soft budget constraints: political artefact or economic phenomenon?
Soft budget constraints : political artefact or economic phenomenon?