Bennett, John (contributor); Estrin, Saul (contributor) - 2007
economy. We show that informality allows a leader to explore, without significant sunk costs, the potential profitability of … regulation burdening formal
firms, combined with an inability to enforce property rights, including those of the state, have
been … economy. We show that informality allows a leader to explore,
without significant sunk costs, the potential profitability of …