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through the input-output network, with a pattern broadly consistent with theory. Quantitatively, the network-based propagation …
Persistent link: https://www.econbiz.de/10011491706
We introduce the possibility of direct punishment by specialized enforcers into a model of community enforcement. Specialized enforcers need to be given incentives to carry out costly punishments. Our main result shows that, when the specialized enforcement technology is sufficiently effective,...
Persistent link: https://www.econbiz.de/10011491715