Contract Enforcement: A Political Economy Model of Legal Development
In an effort to understand why the relative usage of relational and legal contracts differs across societies, this article builds a political economy model of legal development where legal quality of contract enforcement is a costly public good. It finds that legal investment tends to be too small u...
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| Main Author: | |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2013
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soe_research/1437 https://ink.library.smu.edu.sg/context/soe_research/article/2436/viewcontent/ContractEnforcement_2012_pv.pdf |
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| Institution: | Singapore Management University |
| Language: | English |