英文文献：Understanding the Soft Budget Constraint
英文文献作者：Janos Kornai,Eric Maskin,Gerard Roland
英文文献摘要：
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 phenomena and provides a classification of their causes and consequences. In light of this interpretation, we then review the theoretical literature on the subject and compare it with those on other dynamic commitment problems in economics.