Contracts, Hold-Up, and Exports: Textiles and Opium in Colonial India
نویسندگان
چکیده
منابع مشابه
Contracts, Hold-Up, and Exports: Textiles and Opium in Colonial India
Trade and export, it is argued, spur economic growth. This paper studies the microeconomics of exporting. We build a heuristic model of transactions between exporters and producers and relate it to East India Company operations in colonial Bengal. Our model and the historical record stress two difficulties: the exporter and its agents might not uphold payment agreements, and producers might not...
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ژورنال
عنوان ژورنال: American Economic Review
سال: 2008
ISSN: 0002-8282
DOI: 10.1257/aer.98.3.967