On the market failure of “missing pioneers”
An influential hypothesis states that export pioneers are too few relative to social optimum because the first exporter's action creates an informational public good for all subsequent exporters. The hypothesis has been invoked to justify certain types of government interventions. We note, howe...
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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2021
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soe_research/2484 https://ink.library.smu.edu.sg/context/soe_research/article/3483/viewcontent/Market_failure_missing_failure_2021_av.pdf |
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| Institution: | Singapore Management University |
| Language: | English |