“Understanding the Soft Budget Constraint“, in English. Co-authors: Eric Maskin and Gerard Roland. Journal of Economic Literature, 2003. December No. 61:4. pp. 1095-1136.

Kornai János: “Understanding the Soft Budget Constraint“, in English. Co-authors: Eric Maskin and Gerard Roland. Journal of Economic Literature, 2003. December No. 61:4. pp. 1095-1136.

The Journal of ECONOMIC LITERATURE John McMillan, Editor Drucilla Ekwurzel and Alexander J. Field, Associate Editors Mary Kay Akerman, William Goffe, Patrice Lord, and Pamela Nagashima, Assistant Editors Asatoshi Maeshiro, Editorial Consultant BOARD OF EDITORS Nancy T. Gallini Avner Greif Peter W. Howitt Robert Klitgaard James Levinsohn John Pencavel Jennifer Reinganum Peter C. Reiss Alan J. Auerbach Theodore Bergstrom Charles C. Brown Martin Browning Colin Camerer Stephen G. Cecchetti Jacques Crémer Lewis Evans Arthur Robson Mark R. Rosenzweig Larry Samuelson Thomas Sargent Suzanne Scotchmer Hans-Werner Sinn Joel Sobel John K. Whitaker Volume XLI December 2003Number 4 ARTICLES Understanding the Soft Budget Constraint János Komái, Eric Maskin, and Gérard Roland 1095 The Economic Design of Sporting Contests Stefan Szymanski 1137 Which Is the Fairest One of All? A Positive Analysis of Justice Theories James Konow 1188 Sraffa, Wittgenstein, and Gramsci Amartya Sen 1240 Meitzers History of the Federal Reserve David Laidler 1256 BOOK REVIEWS Alonso, Irma T, ed. Caribbean Economies in the Twenty-First Century ............................................................................................Andrew S. Downes 1321 Aoki, Masahiko Toward a Comparative Institutional Analysis ..................Paul Seabright 1281 Auerbach, Alan J. and Martin Feldstein, eds. Handbook of Public Economics: Volume 3 ......................................................................Thomas J. Nechyba 1301 Aumann, Robert J. and Sergiu Hart, eds. Handbook of Game Theory with Economic Applications. Volume 3................................................Guillermo Owen 1276 Bartik, Timothy J. Jobs for the Poor: Can Labor Demand Policies Help? ...................................................................................................... Steven Raphael 1308 Bauwens, Luc and Pierre Giot Econometric Modelling of Stock Market Intraday Activity.............................................................................................Clara Vega 1294 Beito, David T; Peter Gordon, and Alexander Tabarrok, eds. The Voluntary City: Choice, Community, and Civil Society ......................D. Andrew Austin 1329 1087