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American Economic Review: Vol. 89 No. 2 (May 1999)

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Recent Theoretical Work on the Soft Budget Constraint

Article Citation

Maskin, Eric S. 1999. "Recent Theoretical Work on the Soft Budget Constraint." American Economic Review, 89(2): 421-425.

DOI: 10.1257/aer.89.2.421

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Maskin, Eric S. (Harvard U)

JEL Classifications

D82: Asymmetric and Private Information
G32: Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure


American Economic Review


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