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We model networks of relational (or implicit)contracts, exploring how sanctioning power and equilibrium conditions change under different network configurations and information transmission technologies. In our model, relations are the links, and the value of the network lies in its ability to...
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experimental period, to evaluate the impact of the reform on educational attainment and earnings. We find significant increases in … the educational attainment of individuals from poorer backgrounds. We also find that the largest impact on earnings was … distinguish its direct effect on earnings from the effect it had by increasing the quantity of education. We find that the main …
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