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country-specific institutions. The model is calibrated for the United States, Germany and China. Simulations suggest that a … 1980s can be explained by the interplay of rising (top-end) household income inequality and institutions. On the other hand …
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In this article we study the relation between the quality of contract enforcement and R&D investment across countries and industries. If companies invest successfully in R&D they are open for exploitation by their supplier if supply contracts are not enforceable. This hold-up problem can reduce...
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This paper analyzes if and how the design of telecommunications regulatory institutions has influenced the evolution of …
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