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Differently from previous studies of tag-based cooperation, we assume that individuals fail to recognize their own tag. Due to such incomplete information, the action taken against the opponent cannot be based on similarity, although it is still motivated by the tag displayed by the opponent. We...
Persistent link: https://www.econbiz.de/10010583450
Weak institutions are shown to create scope for public banks to play a growth-promoting role, even if such banks are less efficient than private banks.
Persistent link: https://www.econbiz.de/10009393257
quality of governance) and the degree of market segmentation (depending on the level of ethnic fractionalization). The model … results have important implications for the conditions under which policy reform will enhance financial development. …
Persistent link: https://www.econbiz.de/10010950619
This paper studies the impact of the governance of a group, whether be it unanimity, simple majority or qualified …
Persistent link: https://www.econbiz.de/10005230656
This paper studies the impact of the governance of a group, whether be it unanimity, simple majority or qualified …
Persistent link: https://www.econbiz.de/10005385028