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Persistent link: https://www.econbiz.de/10014471838
When faced with a regulatory constraint, firms can either comply, try to circumvent the regulation (through bribing), or lobby the government to relax the regulation. We analyze this choice, and its consequences, in a simple growth model. In equilibrium, when the level of development is low,...
Persistent link: https://www.econbiz.de/10014219923
There is a well-known debate about the role of institutions in explaining the long-term development of countries. We believe there is value-added to consider the institutions hypothesis at the micro level within a country to analyze the exact transmission channels linking endogenous...
Persistent link: https://www.econbiz.de/10010255777
We obtain rich measures of risk preferences of poor farmers in Vietnam, and estimate structural models that capture … risk preferences over different probability levels and across different domains (gains and losses). The results break … radically with the previous literature on risk preferences, in developed and developing countries alike. Far from being …
Persistent link: https://www.econbiz.de/10010195376
Risk aversion has generally been found to decrease in income or wealth. This may lead one to expect that poor countries … will be more risk averse than rich countries. Recent comparative findings with students, however, suggest the opposite …, giving rise to a riskincome paradox. We test this paradox by measuring the risk preferences of over 500 household heads …
Persistent link: https://www.econbiz.de/10010411251
Vertical coordination has grown strongly in global supply chains. Local suppliers in developing countries engage in complex contracting with companies selling into high-income markets - either domestically or internationally. These contracts not only specify conditions for delivery and...
Persistent link: https://www.econbiz.de/10010313394
Improving quality is an important element of the transfer of production to low wage countries. Higher quality requirements are part of complex contracting arrangements in global supply chains. This paper analyzes how weak contract enforcement institutions and imperfect factor markets are...
Persistent link: https://www.econbiz.de/10012725056
The sharing economy for a wide range of goods and services is expanding across the world. To direct the benefits from sharing capital services towards small-scale producers, governments in the developing world are increasingly intervening in fast-growing mechanization rental markets. However,...
Persistent link: https://www.econbiz.de/10013477281
The objective is to examine the determinants of the relationship between insurance growth and economic development. This paper contributes to this body of research by providing an extensive literature review of empirical studies that have looked at both sides of the relationship, i.e. the demand...
Persistent link: https://www.econbiz.de/10013122482
Persistent link: https://www.econbiz.de/10011910978