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Social Networks as Contract Enforcement : Evidence from a Lab Experiment in the Field
Chandrasekhar, Arun G. - 2014
Absence of well-functioning formal institutions leads to reliance on social networks to enforce informal contracts. Social ties may aid cooperation, but agents vary in network centrality, and this hierarchy may hinder cooperation. To assess the extent to which networks substitute for...
Persistent link: https://www.econbiz.de/10013051751
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The Unofficial Economy and Economic Development
La Porta, Rafael - 2010
evidence is inconsistent with the romantic and parasite views, but supports the dual view. In this "Walmart" theory of economic …
Persistent link: https://www.econbiz.de/10013138466
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Poultry in Motion : A Study of International Trade Finance Practices
Antras, Pol - 2011
This paper analyzes the financing terms that support international trade and sheds light on how and why these arrangements affect trade. Using detailed transaction level data from a U.S. based exporter of frozen and refrigerated food products, primarily poultry, it begins by describing broad...
Persistent link: https://www.econbiz.de/10013124546
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Gun for Hire : Does Delegated Enforcement Crowd Out Peer Punishment in Giving to Public Goods?
Andreoni, James - 2011
This paper compares two methods to encourage socially optimal provision of a public good. We compare the efficacy of vigilante justice, as represented by peer-to-peer punishment, to delegated policing, as represented by the "hired gun" mechanism, to deter free riding and improve group welfare....
Persistent link: https://www.econbiz.de/10013125564
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The Effect of Allowing Pollution Offsets with Imperfect Enforcement
Sigman, Hilary - 2014
Public policies for pollution control, including climate change policies, sometimes allow polluters in one sector subject to an emissions cap to offset excessive emissions in that sector with pollution abatement in another sector. The government may often find it more costly to verify offset...
Persistent link: https://www.econbiz.de/10013068478
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The Interaction and Sequencing of Policy Reforms
Asturias, Jose - 2016
In what order should a developing country adopt policy reforms? Do some policies complement each other? Do others substitute for each other? To address these questions, we develop a two-country dynamic general equilibrium model with entry and exit of firms that are monopolistic competitors. The...
Persistent link: https://www.econbiz.de/10013001790
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Breach, Remedies and Dispute Settlement in Trade Agreements
Maggi, Giovanni - 2009
We provide a simple but novel model of trade agreements that highlights the role of transaction costs, renegotiation and dispute settlement. The model allows us to characterize the appropriate remedy for breach and whether the agreement should be structured as a system of "property rights" or...
Persistent link: https://www.econbiz.de/10013155118
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The Political Economy of Weak Treaties
Battaglini, Marco - 2016
puzzle in standard economic models. To study this phenomenon, we propose a positive theory of IEAs in which the political … (might not be implemented in full). The theory also provides a new perspective for understanding investments in green …
Persistent link: https://www.econbiz.de/10012976975
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From Wild West to the Godfather : Enforcement Market Structure
Anderson, James E.; Bandiera, Oriana - 2021
Weak states enable private enforcement but it does not always fade away in the presence of strong states. We develop a general equilibrium model of the market organization of enforcers (self-enforcers, competitive specialized enforcers or monopoly) who defend endowments from predators. We...
Persistent link: https://www.econbiz.de/10013215342
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The Economic Theory of Public Enforcement of Law
Polinsky, A. Mitchell; Shavell, Steven - 2021
This article surveys the theory of the public enforcement of law -- the use of public agents (inspectors, tax auditors …, police, prosecutors) to detect and to sanction violators of legal rules. We first present the basic elements of the theory … examine a variety of extensions of the central theory, concerning accidental harms, costs of imposing fines, errors, general …
Persistent link: https://www.econbiz.de/10013216494