The DOI matches its OpenAlex record; 2 of the 2 references it cites were found in a registry or an index.
Understanding the Soft Budget Constraint
Abstract
The article deals with the phenomenon of the soft budget constraint (SBC). Though originally it was formulated to illuminate economic behavior in socialist economies, this concept is increasingly acknowledged to be pertinent well beyond their realm. The authors have two main objectives: conceptual clarification and survey of formal theoretical literature on SBC. In the first part of the article the accent is made on analyzing the essence of the SBC syndrome, means of its softening and corresponding expectations of organizations. Formal models of SBC in socialist and transition economies are also analyzed.
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Citations
Cites
North, D. C., & Weingast, B. R. (1989) · The Journal of Economic History · doi:10.1017/s0022050700009451 · Cited by 5,300
The Optimal Degree of Commitment to an Intermediate Monetary Target
Rogoff, K. (1985) · The Quarterly Journal of Economics · doi:10.2307/1885679 · Cited by 3,688
Cited by
He, L., Liu, R., Zhong, Z., Wang, D., & Xia, Y. (2019) · Renewable Energy · doi:10.1016/j.renene.2019.05.059 · Cited by 587
Metadata
- Authors
- Kornai, J., Maskin, E. S., & Roland, G.
- Venue
- Journal of Economic Literature
- Publisher
- American Economic Association
- Published
- 2003-12-01
- Volume
- 41
- Issue
- 4
- Pages
- 1095-1136
- ISSN
- 0022-0515 (ISSN-L)
- OpenAlex
- W2167691119
- Cited by
- 749
- References
- 2
- FWCI
- 200.01
- Type
- journal article
- Language
- en
- Open access
- closed
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- CoChat. (2026). Citation check: Understanding the Soft Budget Constraint. https://app.cochat.ai/papers/10.1257/002205103771799999
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- Kornai, J., Maskin, E. S., & Roland, G. (2003). Understanding the Soft Budget Constraint. Journal of Economic Literature. https://doi.org/10.1257/002205103771799999
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
