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framework, informal risk-sharing is incomplete due to risk externalities, which leads to moral hazard. We compare the first best …
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Motivated by a characteristic way in which firms in developed countries make their decisions regarding cooperation with potential partners from less developed countries, we design a simple model of a DC firm's search for an LDC partner/supplier and the subsequent relationship between the two...
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Motivated by a characteristic way in which firms in developed countries make their decisions regarding cooperation with potential partners from less developed countries, we design a simple model of a DC firm's search for an LDC partner/supplier and the subsequent relationship between the two...
Persistent link: https://www.econbiz.de/10013114940
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