Formality, Informality, and Social Welfare

An industry is modeled in which entrepreneurs, who are heterogeneous in ability, may produce formally or informally. It is shown how the formal-informal mix depends on the distribution of ability, product demand and various parameter values...

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Year of publication:	2008-06-01
Authors:	Bennett, John
Institutions:	Forschungsinstitut zur Zukunft der Arbeit <Bonn>
Subject:	Industrie \| industry \| Entrepreneurship \| Marktgleichgewicht \| Formalismus \| Soziale Wohlfahrt

Table of Contents
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1 Introduction
2 TheModel
3 TheInformal-FormalMix
4 Comparative Statics
5 Welfare
6 Alternative Assumptions
7 Conclusion
References

Persistent link: https://www.econbiz.de/10005859601