Contract Enforcement and Institutions Among the Maghribi Traders: Refuting Edwards and Ogilvie
نویسندگان
چکیده
منابع مشابه
Contract enforcement, institutions, and social capital: the Maghribi traders reappraised1
Social scientists draw important lessons for modern development from the medieval Maghribi traders who, it has been argued, lacked effective legal mechanisms for contract enforcement and instead relied on informal sanctions based on collective ostracism within an exclusive coalition. We show that this claim is untenable. Not a single empirical example adduced as evidence of the putative coaliti...
متن کاملInstitutions and Contract Enforcement
We provide evidence on how two important types of institutions dismissal barriers, and bonus pay a ect contract enforcement behavior in a market with incomplete contracts and repeated interactions. Dismissal barriers are shown to have a strong negative e ect on worker performance, by interfering with rms' use of ring threat as an incentive device. Dismissal barriers also distort the dynamics of...
متن کاملthe relationship between topic familiarity and guessing lexical meaning and retention among iranian efl learners
the skill of reading in english as a foreign language is an important and challenging one which is affected both by linguistic and extra linguistic factors. since vocabularies are part and parcel of every reading comprehension text, knowing enough vocabulary always facilitates this process. however, guessing strategy as one of the most important strategies has consistently ignored by language l...
15 صفحه اولAnalysing the Apprenticeship System in the Maghribi Traders Coalition
In this work we further the investigation into the functioning of the Maghribi Traders Coalition – a historically significant traders collective that operated along the North African coast between the 10th and 13th centuries. They acted as a closed group whose interactions were governed by informal institutions (i.e. norms). Historical accounts point to an apprenticeship system that was in forc...
متن کاملTrade and Contract Enforcement
We develop a simple model of trade with imperfect contract enforcement. Courts force the execution of defaulted contracts with parametric probability. In political economic equilibrium, the enforcement of contracts between agents of sovereign nations must be at a level mutually agreed between nations. The enforcement probability may be low, with the reluctant nation being associated with low le...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2008
ISSN: 1556-5068
DOI: 10.2139/ssrn.1153826