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Golden parachutes: Credible commitments or evidence of shirking?
Falaschetti, Dino - EconWPA - 2003
action costs and formal institutions (e.g., golden parachute agreements) can act as substitute factors in producing this …
Persistent link: https://www.econbiz.de/10005561787
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Banken, instituties en zachte budgetbeperkingen tijdens de transitie
Haas, Ralph de - EconWPA - 2002
De juridische bescherming van banken en aandeelhouders beïnvloedt de omvang en kwaliteit van het financiële systeem en daarmee de economische groei. Gebrekkige (juridische) instituties in transitie-economieën kunnen de economische ontwikkeling van deze landen dan ook afremmen. Zo dragen...
Persistent link: https://www.econbiz.de/10005413152
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On the Reliability of Trusting
James, Harvey - EconWPA - 2002
This paper presents a model of trust in which a principal chooses either to trust or monitor an agent who, in turn, chooses either to honor or exploit that trust. The principal's decision of whether to trust or monitor is based on the relative temptation an agent faces to exploit the principal's...
Persistent link: https://www.econbiz.de/10005135015
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The Trust Paradox: A Survey of Economic Inquiries Into the Nature of Trust and Trustworthiness
James, Harvey - EconWPA - 2002
This paper examines the concepts of trust and trustworthiness in the context of a one-sided variation of the prisoner's dilemma, and it evaluates four different categories of solutions to the PD problem: changing player preferences, enforcing explicit contracts, establishing implicit contracts,...
Persistent link: https://www.econbiz.de/10005135123
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Market Information and Price Instability : An Insight into Vegetable Markets in Senegal
David-Benz, Hélène; Wade, Idrissa; Egg, Johny - EconWPA - 2005
Market gardening has been increasing fast in Senegal. But farmers face high marketing risks: daily price fluctuations exceed an average 20% for some products, seasonality is strong, anticipation based on prices leads to cyclic movements. Farmers and market operators have found various forms of...
Persistent link: https://www.econbiz.de/10005561831
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UNDERGROUND ACTIVITY AND INSTITUTIONAL CHANGE: PRODUCTIVE, PROTECTIVE AND PREDATORY BEHAVIOR IN TRANSITION ECONOMIES
Feige, Edgar L. - EconWPA - 2003
are characterized by a fundamental inconsistency between formal and informal institutions. When formal and informal rules … the new institutional economics is on the consequences of institutions--the rules that structure and constrain economic …. Institutions therefore do affect economic performance, but it is not always obvious which institutional rules dominate. Where …
Persistent link: https://www.econbiz.de/10005062456
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CRECIMIENTO, INSTITUCIONES Y CONVERGENCIA EN MEXICO CONSIDERANDO A LA FRONTERA NORTE
Diaz-Bautista, Alejandro - EconWPA - 2004
institutions. The study conducts a literature review on the theoretical and empirical works of economic growth, with emphasis in …
Persistent link: https://www.econbiz.de/10005062522
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Mortality Rate and Property Rights in a Model with Human Capital and R&D
Sequeira, Tiago - EconWPA - 2004
We use a set of established growth models, which simultaneously include human capital and R&D, to show that the effect of mortality rate in human capital accumulation is quantitatively more important than the effect of perfectly guaranteed patents on research. First, we show that the effect of...
Persistent link: https://www.econbiz.de/10005407750
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CRECIMIENTO, INSTITUCIONES Y CONVERGENCIA EN MEXICO CONSIDERANDO A LA FRONTERA NORTE
Diaz-Bautista, Alejandro; Celaya, Diana - EconWPA - 2004
institutions. The study conducts a literature review on the theoretical and empirical works of economic growth, with emphasis in …
Persistent link: https://www.econbiz.de/10005407867
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Los determinantes del crecimiento económico. Comercio internacional, convergencia y las instituciones.
Díaz-Bautista, Alejandro - EconWPA - 2004
La presente obra se centra en uno de los problemas fundamentales de nuestra época: el desenvolvimiento económico de la convergencia y el crecimiento en las regiones considerando a las instituciones y el comercio internacional. A lo largo del libro el autor discute los modelos teóricos y...
Persistent link: https://www.econbiz.de/10005412726