Everaert, Greetje; Hildebrandt, Antje - In: The determinants of the incidence and the effects of …, (pp. 105-137). 2003
Since Kornai (1980), the adverse effects of soft budget constraints have been well-documented in the literature. More recently, several theoretical explanations for the presence of soft budget constraints have been put forward. The purpose of this paper is to empirically test these theories on...
