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This paper uses contract theory to suggest simple contract designs that could be used by the Global Fund. Using a basic …
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equilibrium framework to elicit how monetary incentives and survival considerations shape a combatant’s decision to participate in … a conflict. In the model, a leader decides to award soldiers monetary incentives. Civilians finance the militia via … addition, our results link between monetary incentives and participation in fighting and demonstrate a substitution effect of …
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This paper studies the long-run effects of credit market disruptions on real firm outcomes and how these effects depend on nominal wage rigidities at the firm level. I trace out the long-run investment and growth trajectories of firms which are more adversely affected by a transitory shock to...
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