The soft budget constraint syndrome in the hospital sector
نویسندگان
چکیده
منابع مشابه
Understanding the Soft Budget Constraint
WDI. We express our gratitude to the editor, John McMillan and two anonymous referees for valuable comments and suggestions. ABSTRACT. We propose a clarification of the notion of a soft budget constraint, a concept widely used in the analysis of socialist, transitional, and market economies. Our interpretation is broad enough to embrace most existing approaches to soft budget constraint phenome...
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The government's incentives to bail out inefficient projects are determined by the tradeoff between political benefits and economic costs, the latter depending on the decentralization of government. Two effects of federalism are derived: First, fiscal competition among local governments under factor mobility increases the opportunity costs of bailout and thus serves as a commitment device (the ...
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ژورنال
عنوان ژورنال: Society and Economy
سال: 2009
ISSN: 1588-9726,1588-970X
DOI: 10.1556/socec.31.2009.1.2