Ende der 80er/Anfang der 90er ereignete sich eine der historisch einzustufenden Zäsuren der Geschichte: der Zusammenbruch des östlichen Wirtschafts- und Hegemoniesystems. Die Länder Mittel- und Osteuropas leiteten eine Transformation ihrer Rechts-, Wirtschafts- und ihrer politischen Ordnungen...

Firms in socialist and transitional economies are often obliged to provide a social good in addition to a private good, which makes it difficult for a government to commit not to bail out the firm once it is in financial trouble. This creates a soft budget constraint syndrome which causes the...

This paper revisits the widely known and used concept of soft budget constraints in party-states introduced by Kornai (1980), from the point of view of a comparative analytical model (Csanádi, 2003). It embeds budget constraints in the structure of power relations described by the model as the...