Soft budget constraints and the property rights theory of ownership

C-Tier
Journal: Economics Letters
Year: 2008
Volume: 100
Issue: 3
Pages: 425-427

Score contribution per author:

1.005 = (α=2.01 / 1 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Modeling the government make-or-buy decision, Hart and colleagues [Hart, O., Shleifer, S. and Vishny, R.W., 1997, The proper scope of government: Theory and an application to prisons, Quarterly Journal of Economics 112, 1127-1161] assume government providers are exogenously more replaceable than private providers. Instead, we posit government managers' soft incentives arise endogenously from their lack of control rights, because of rationally softer budget constraints.

Technical Details

RePEc Handle
repec:eee:ecolet:v:100:y:2008:i:3:p:425-427
Journal Field
General
Author Count
1
Added to Database
2026-01-25