Club Enlargement: Early versus Late Admittance
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چکیده
منابع مشابه
Club Enlargement: Early Versus Late Admittance1
We develop an incomplete contract model to analyze the enlargement strategy of a club facing a membership applicant. Wealth and the degree of conformity with the club’s standards de...ne the applicant’s type. Only a fully conforming entrant bene...ts the club, but conformity is a pure cost to the applicant. The club choses between early admittance, using its institutions to monitor the reform p...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2000
ISSN: 1556-5068
DOI: 10.2139/ssrn.248994