Bankers didn’t want the change; they wanted the money of contributors without a reform of the financial sector. Although the idea of a reform and of a new regulation method was brought in the discussion in January 2007, it remained at idea level state. The idea of excessive regulation would...

We conduct a controlled field experiment in 52 communities in rural Bolivia to investigate the effect that local authorities have on voluntary public good provision. In our study, community members pool resources to provide environmental education material for local schools. We find that...