The Transition from Relational to Legal Contract Enforcement
This paper studies the transition of contract enforcement institutions. The prevalence of relational contracts, low legal quality, strong cultural preference for personalistic relationships, low social mobility, and highly unequal endowment form a cluster of mutually reinforcing institutions that hi...
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| Main Author: | |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2006
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soe_research/906 https://ink.library.smu.edu.sg/context/soe_research/article/1905/viewcontent/legal_contract_enforcement.pdf |
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| Institution: | Singapore Management University |
| Language: | English |