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The Soft Budget Constraint - The Emergence, Persistence and Logic of an Institution

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The Soft Budget Constraint - The Emergence, Persistence and Logic of an Institution - Skoog, Gun Eriksson
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This is a story of the soft budget constraint. It seeks an answer to a paradox: the prevalence of the soft budget constraint in spite of the tremendous inefficiencies that it gives rise to, and its persistence in spite of reform of the system of which it is an integral part. The story aims at increasing our understanding of why the phenomenon exists. By studying the case of state in Tanzania before, during and after socialism, an explanation of the owned enterprises emergence, persistence and logic of the soft budget ...

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The Soft Budget Constraint - The Emergence, Persistence and Logic of an Institution 2010, Springer-Verlag New York Inc., New York, NY

ISBN-13: 9781441949936

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