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effect of this environment- as with any other specialized resource, institutions may be used for expropriation purposes. They … parties and the market. Third, Market enforcement is based on reputational assets that are badly exposed to opportunism. …
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provides stronger enforcement of contracts facilitates the development of financial markets, which, in turn, enables firms to …
Persistent link: https://www.econbiz.de/10005710095
ethic” that would lead them to monitor each other’s conduct, support political and legal institutions and hold more …
Persistent link: https://www.econbiz.de/10005772012
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The Mesta was the association of the migratory shepherds of Castile, controlling fine wool production between the thirteenth and the nineteenth centuries. Its royally granted privileges have often been blamed for the stagnant Spanish agricultural productivity during the Early Modern period. I...
Persistent link: https://www.econbiz.de/10005012014
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middle-income countries advance toward the aforementioned development objectives, even in the face of weak enforcement …
Persistent link: https://www.econbiz.de/10010775708
most theories of trade cooperation are issues of self-enforcement: The threat of reprisal by an aggrieved party maintains … institutions are needed, since under standard assumptions, neither defection from the rules nor disputes are expected to occur … models of enforcement (primarily concerned with acts of punishment) for being insufficient in explaining the existence of …
Persistent link: https://www.econbiz.de/10011115011
whether forest income varies according to the extent of rule enforcement, and congruence (i.e., overlap of user rights between … owners and users). We find negative associations between enforcement and smallholder forest income for state-owned and … community forests. Our findings suggest that policy reforms emphasizing enforcement and reducing overlapping claims to forest …
Persistent link: https://www.econbiz.de/10011117402