منابع مشابه
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متن کاملDepartment of Economics on Corruption and Institutions in Decentralized Economies
This paper presents a model of opportunistic behaviour in decentralized economic exchange and considers the impact of inadequate institutional framework of formal contract enforcement on economic performance. It is shown that (i) when the number of cheating traders is sufficiently large, inadequate institutions result in a loss of decentralized trading contracts, (ii) an adequate institutional ...
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ژورنال
عنوان ژورنال: American Economic Review
سال: 2000
ISSN: 0002-8282
DOI: 10.1257/aer.90.3.550