Search Results - subject:"Soft budget constraint"

A Bureaucrat's Procurement Strategy : Budget Constraints and Rationing

Anthon, Signe; Bogetoft Pedersen, Peter; Thorsen, Bo … - 2007

We investigate a bureaucratic principal responsible for the procurement of goods and services from private agents. The bureaucrat is evaluated on output and controlled by a limited budget. The agents maximize profit, have private information about variable production costs, and have positive...

Persistent link: https://www.econbiz.de/10014026079

Evolution of Income and Fiscal Disparity in Rural China

Yao, Yi; Fan, Shenggen - International Association of Agricultural Economists - IAAE - 2006

This paper's goal is to increase the understanding of the income and fiscal inequality trends in rural China. Using a comprehensive county-level panel dataset between 1993 and 2002, we describe the dynamic changes in national, regional and provincial inequality measures for income, fiscal...

Persistent link: https://www.econbiz.de/10005484002

Which Firms Have a Soft Loan ? Managers' Believes in a Cross-Country Survey in Transition Economies

Bignebat, C.; Gouret, F. - Unité Mixte de Recherche Marchés, Organisations, … - 2006

This paper is an empirical work grounded in the soft budget constraint literature. A loan is soft when a bank cannot …

Persistent link: https://www.econbiz.de/10004992670

Government Outsourcing: Public Contracting with Private Monopoly

Auriol, Emmanuelle; Picard, Pierre M. - CESifo - 2006

The paper studies the impact of government budget constraint in a pure adverse selection problem of monopoly regulation. The government maximizes total surplus but incurs some cost of public funds. An alternative to regulation is proposed in which firms are free to enter the market and to choose...

Persistent link: https://www.econbiz.de/10005765762

Investment decisions and the soft budget constraint: evidence from Hungarian manufacturing firms

Colombo, Emilio; Stanca, Luca - Volkswirtschaftliche Fakultät, … - 2006

subject to a soft budget constraint. In particular, small state firms became more sensitive to financial conditions, whereas … large state firms were unaffected and kept operating under a soft budget constraint. …

Persistent link: https://www.econbiz.de/10008472221

Size and soft budget constraints

Crivelli, Ernesto; Staal, Klaas - 2006

There is much evidence against the so-called too big to fail hypothesis in the case of bailouts to sub-national governments. We look at a model where districts of different size provide local public goods with positive spillovers. Matching grants of a central government can induce...

Persistent link: https://www.econbiz.de/10010365894

A soft budget constraint explanation for the venture capital cycle

Gebhardt, Georg - 2006

amount of capital he has under management. The soft budget constraint problem becomes the more important the higher the …

Persistent link: https://www.econbiz.de/10010365895

Reputation and the soft-budget constraint

Devjatov, Aleksej (contributor); … - 2006

2005 Deviatov, Alexei; Ickes, Barry. Reputation and the Soft-Budget Constraint./ Working Paper # - Moscow, New Economic … School, 2005. – 46 p. (Eng.) We study the role of reputation in dealing with the soft-budget constraint. We examine … constraint syndrome. A soft budget constraint arises when borrowers know (or expect) that they will be bailed out in the face of …

Persistent link: https://www.econbiz.de/10003286961

Dynamic consumption behavior : evidence from Japanese household panel data

Kitamura, Yukinobu (contributor) - 2006 - Rev.

Persistent link: https://www.econbiz.de/10003370956

Size and soft budget constraints

Crivelli, Ernesto (contributor); Staal, Klaas (contributor) - 2006

There is much evidence against the so-called "too big to fail" hypothesis in the case of bailouts to sub-national governments. We look at a model where districts of different size provide local public goods with positive spillovers. Matching grants of a central government can induce...

Persistent link: https://www.econbiz.de/10003395749