Papers on "The Soft Budget Constraint and Ways to Harden It" and similar term paper topics

Paper #011130 :: The Soft Budget Constraint and Ways to Harden It
Buy and instantly download this paper now

Examines why a Soft Budget Constraint (SBC) is a problem. Defines the concept, explains ways to harden it and looks at the outcomes.

Written in 2001; 3,015 words; 14 sources; MLA; $ 88.95

Paper Summary:

This paper examines the soft budget constraint (SBC) as a commitment problem under socialism, presents the Dewatripont and Maskin basic model of the theory behind the SBC, and explains how the SBC can be hardened. Additionally, it closely follows the transition processes in China, as well as several Central and Eastern European Countries by focusing on efficient markets, federalism, demonopolization. The paper ends with a summary of the efficiency outcomes of a hard budget constraint.

From the Paper:

"The soft budget constraint syndrome is an incentive dilemma that has been primarily observed in socialist centrally planned economies, and has created major problems in their transition to the market. The term ?soft budget constraint? was coined by Kornai in 1980, and can be summed up as follows: ?If the firm acts as a price maker, if the tax system it faces is soft, if it can rely on access to free state grants, if it can get credits and external financial investment on soft terms, then the budget constraint is soft; that is it will not bind the ex ante choices of the firm.? Ambrus-Lakatos (1997)"

Tags: budget centrally constraint demonopolization econometrics economics federalism market planned socialist soft transition

More papers on "The Soft Budget Constraint and Ways to Harden It"

1. Paper #001427 :: Budget Constraints and Fiscal Policy Ineffectiveness in the UK ( 1,700 words; 15 sources; )
2. Paper #026222 :: State Budgeting vs. Federal Budgeting ( 1,109 words; 3 sources; MLA )
3. Paper #069474 :: Whitbread Sailboat Race ( 920 words; APA )
4. Paper #013177 :: Flexible Budgets ( 1,350 words; 5 sources; )
5. Paper #011932 :: Budget of Environmental Protection Agency (EPA) ( 2,925 words; 10 sources; )

About AcaDemon

We have thousands of high-quality term papers, research papers, essays, book reports and dissertations on every topic. At AcaDemon, you can download those term papers to help you write yours! You can be sure that the term paper, essay, book report or research paper, you download are top-quality, competitively priced and high-level work.

Look for more research papers, essays and book reports on The Soft Budget Constraint and Ways to Harden It

This Free Term Paper Abstract is a part of our Term Paper Library. Here you can purchase research papers, examples of essays, academic dissertations, articles, notes, analytical papers, book reports, stories and poems. We have thousands of persuasive, point-of-view, narrative, critical, compare and contrast and other types of essays in our Library. You can also find here Term papers on "The Soft Budget Constraint and Ways to Harden It", Essays on "The Soft Budget Constraint and Ways to Harden It", Research papers on "The Soft Budget Constraint and Ways to Harden It", Student papers on "The Soft Budget Constraint and Ways to Harden It", Book reports on "The Soft Budget Constraint and Ways to Harden It", Dissertation on "The Soft Budget Constraint and Ways to Harden It", Thesis on "The Soft Budget Constraint and Ways to Harden It", Summary of paper on "The Soft Budget Constraint and Ways to Harden It", Articles written on "The Soft Budget Constraint and Ways to Harden It".