. The industry equilibrium is compared to one in which informality is prohibited. With relatively high product demand, the … effect of entrepreneurs being free to choose informality is that consumer surplus and total employment are reduced, but … also show that informality may be a built-in stabilizer or destabilizer. …

assesses these approaches along with the factors related to informality-formality trade-off and the issue of formalisation as a …

assesses these approaches along with the factors related to informality-formality trade-off and the issue of formalisation as a …

sector, what would contribute to growth, which in turn would cause formality (informality) to increase (decrease). We …

We analyse potential dynamic benefits for a firm from having the option of adopting informal status. Informality may be … a stepping stone, without which formality might never be achieved. This result obtains for a broad range of realistic … parameter values, suggesting a potential dynamic case for government support of informal firms. Informality may alternatively …

formal andinformal status. Thus we explore issues such as how informality may enable anentrepreneur to test the profitability …. Also,we show that financial constraints can interact with the option of informality to induceentry. …

informality in the global North and document the diverse trajectories that informal processes may take. My analysis reveals that …

interpersonal relations and, on the other hand, (b) informality via the lower density of norms (also known as anomie). This work …, our multi-level regression models, using World Values Survey data, report that political formality (government …