Search Results - subject:"Budget constraints"

Central and Eastern Europe in transition

Hildebrandt, Antje - 2002

southern enlargement. Research in the following chapters is devoted to the problem of soft budget constraints in transition … countries. Firstly, theories on the causes of soft budget constraints are empirically tested. Therefore a panel data set … representing a systematic phenomenon supporting soft budget constraints of firms in transition. Thirdly, macroeconomic data is …

Persistent link: https://www.econbiz.de/10009467024

Competition, Innovation and Growth in Transition: Exploring the Interactions between Policies

Aghion, Philippe; Carlin, Wendy; Schaffer, Mark E. - 2002

corporate governance and to harden enterprise budget constraints. How do these policies interact? Are they substitute policy … market competition and governance and between competition and hard budget constraints (Aghion and Howitt 2002). We use the … policies. We find that competition and hard budget constraints are complementary. We also find that competitive pressure (a …

Persistent link: https://www.econbiz.de/10009477161

Too many to fail? Inter-enterprise arrears in transition economies

Hildebrandt, Antje - 2002

-economies or whether trade credits represent a systematic phenomena supporting soft budget constraints of firms in transition …

Persistent link: https://www.econbiz.de/10012148440

Too many to fail? Inter-enterprise arrears in transition economies

Hildebrandt, Antje - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2002

market-economies or whether trade credits represent a systematic phenomena supporting soft budget constraints of firms in …

Persistent link: https://www.econbiz.de/10005648610

Vietnam; Selected Issues and Statistical Appendix

International Monetary Fund (IMF); International … - 2002

This Selected Issues paper and Statistical Appendix reviews the factors behind developments in government revenue in Vietnam during 1996â€“2000. This period encompasses Vietnamâ€™s continued transition to a market-based economy, the Asian financial crisis in 1997, and, toward the end,...

Persistent link: https://www.econbiz.de/10005825100

Competition, Innovation and Growth in Transition: Exploring the Interactions between Policies

Aghion, Philippe; Carlin, Wendy; Schaffer, Mark - William Davidson Institute, University of Michigan - 2002

Persistent link: https://www.econbiz.de/10005207902

Bidding among friends and enemies with symmetric information

Ettinger, David - Université Paris-Dauphine (Paris IX) - 2010

We consider an auction setting, in a symmetric information framework, in which bidders, even if they fail to obtain the good, care about the price paid by the winner. We prove that the outcome of the first-price auction is not affected by identity-independent price externalities, while the...

Persistent link: https://www.econbiz.de/10011166430

On the link between fiscal decentralization and public debt in OECD countries

Baskaran, Thushyanthan - In: Public Choice 145 (2010) 3, pp. 351-378

Persistent link: https://www.econbiz.de/10008776394

Bidding among friends and enemies with symmetric information.

Ettinger, David - Université Paris-Dauphine - 2010

Persistent link: https://www.econbiz.de/10008790078

On the Causes of Soft Budget Constraints: Firm-Level Evidence from Bulgaria and Romania

Everaert, Greetje; Hildebrandt, Antje - 2001

Several theoretical explanations for the presence of soft budget constraints have recently been put forward in the … literature. The purpose of this paper is to empirically test these theories on the causes of soft budget constraints. We … period 1996-1990. Our results suggest that the probability of finding soft budget constraints importantly depends on the …

Persistent link: https://www.econbiz.de/10010313329