A signaling approach to soft budgets

Salem Saljanin

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A signaling approach to soft budgets

机译：软预算的信号传递方法

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摘要

A new explanation for soft budget constraints is given. Projects of an agent are often the more profitable, the more confident the agent is in the principal's competence and/or supports. Principals can signal support and/or competence through a soft budget constraint.

机译：给出了软预算约束的新解释。代理人的项目通常越赚钱，代理人对委托人的能力和/或支持越有信心。校长可以通过软预算约束来表示支持和/或能力。

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来源
《Economics letters》 |2011年第3期|p.272-274|共3页
作者
Salem Saljanin;
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作者单位

Monapotkommission, Hetisbachstrasse 16, 53123 Bonn, Germany;

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原文格式 PDF
正文语种 eng
中图分类
关键词
soft budget constraint signaling;

机译：软预算约束信令;

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A signaling approach to soft budgets

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