Kornai János: “The Place of the Soft Budget Constraint Syndrome in Economic Theory“. Journal of Comparative Economics, March, 1998, Vol. 26. No. 1., pp.11-17.

) , j uífc n Journal of Comparative Economics Volume 26, Number 1, March 1998 CONTENTS Editorial John P. Bonin. The “Transition” in Comparative Economics ...1 Symposium: The Soft Budget Constraint and Transition Economies Guest Editor: Chong-en Bai Introduction Chong-en Bai. The Soft Budget Constraint and Transition Econo­mies ............................................................................................ 9 Symposium Articles János Komái. The Place of the Soft Budget Constraint Syndrome in Economic Theory..................................................................... 11 Erik Berglof and Gérard Roland. Soft Budget Constraints and Banking in Transition Economies .......................................... 18 Chong-en Bai and Yijiang Wang. Bureaucratic Control and the Soft Budget Constraint ............................................................... 41 Haizhou Huang and Chenggang Xu. Soft Budget Constraint and the Optimal Choices of Research and Development Projects Financing .................................................................................. 62 Mark E. Schaffer. Do Firms in Transition Economies Have Soft Budget Constraints? A Reconsideration of Concepts and Evi­dence .......................................................................................... 80 David D. Li and Minsong Liang. Causes of the Soft Budget Con­straint: Evidence on Three Explanations ................................. 104

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