Search Results - subject:"Soft budget constraint"

Comparison of Public, Non-Profit and Private Hospitals

Held, Bärbel - 2014

The health care system in Germany is undergoing a phase of transformation. The resulting challenges and fields of action for the hospitals were described as one outcome of a scenario analysis conducted by the author. These include, for example, setting up new organisation structures,...

Persistent link: https://www.econbiz.de/10012232251

Comparison of Public, Non-Profit and Private Hospitals

Held, Bärbel - Instytut Badañ Gospodarczych (IBG) - 2014

Persistent link: https://www.econbiz.de/10011166167

The soft budget constraint

Kornai, János - In: Acta Oeconomica 64 (2014) November, pp. 25-79

The author’s ideas on the soft budget constraint (SBC) were first expressed in 1976. Much progress has been made in …

Persistent link: https://www.econbiz.de/10011094477

Questioning the Soft Budget Constraint

Luo, Changlin - In: Annals of Economics and Finance 15 (2014) 1, pp. 403-412

First, this paper claims that the soft budget constraint is a contradiction in terms by showing that each "soft" budget … soft budget constraint. Finally, we illustrate how the former conclusions drawn from the "soft" perspective can be adjusted … budget constraint," we show that a "hard" budget constraint exists for each specific problem. This leads to the realization …

Persistent link: https://www.econbiz.de/10010819339

Bailout policy in a globalized economy

Exbrayat, Nelly; Madiès, Thierry; Riou, Stéphane - HAL - 2014

This paper explores how trade integration influences the decision by national governments to bailout manufacturing firms. We develop a 2-country model of generalized oligopoly with heterogenous firms and trade costs. High-cost firms are eligible for a bailout while low-cost firms are profitable....

Persistent link: https://www.econbiz.de/10010899646

Building Blocks for a Disequilibrium Model of a European Team Sports League

Andreff, Wladimir - In: International Journal of Sport Finance 9 (2014) 1, pp. 20-38

evidence of a European team sport (soccer) league where teams are win-maximizing and operate under a soft budget constraint …

Persistent link: https://www.econbiz.de/10010861691

Strategic Information Transmission with Budget Constraint

Chand, A.K.S - 2014

In this paper, I discuss strategic communication when there is limited resource or budget, in the context of water allocation to multiple farmers by the social planner. Each farmer only knows about his exact need of water and asks privately for an amount of water to the social planner. The...

Persistent link: https://www.econbiz.de/10014165819

Cash versus Debit Card : The Role of Budget Control

Hernández, Lola - 2014

Due to the financial crisis, an increasing number of households face financial problems. This may lead to an increasing need for monitoring spending and budgets. We demonstrate that both cash and the debit card are perceived as helpful in this respect. We show that, on average, consumers...

Persistent link: https://www.econbiz.de/10013050004

Soft Budget Constraints in a Federation : The Effect of Regional Affiliation

Sas, Willem - 2014

This paper revisits the soft budget constraint problem, pushing sub-central (state) borrowing to the limit in multi …

Persistent link: https://www.econbiz.de/10013058229

'On the Continuous Equilibria of Affiliated-Value, All-Pay Auctions with Private Budget Constraints', Third Version

Kotowski, Maciej H. - 2014

We consider all-pay auctions in the presence of interdependent, affiliated valuations and private budget constraints. For the sealed-bid, all-pay auction we characterize a symmetric equilibrium in continuous strategies for the case of N bidders. Budget constraints encourage more aggressive...

Persistent link: https://www.econbiz.de/10013060798