Can Market Failure Cause Political Failure
How can market failure interact with choice of institutional reform made by an electorate? We study this question in the framework of occupational choice where agents are endowed heterogeneously with wealth and talent. In our model, market failure due to unobservability of talent endogenously create...
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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2010
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soe_research/1224 https://ink.library.smu.edu.sg/context/soe_research/article/2223/viewcontent/AGM.pdf |
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| Institution: | Singapore Management University |
| Language: | English |