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Face Value: Information and Signaling in an Illegal Market

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NBER2009-04-01 更新2025-01-04 收录
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https://www.nber.org/papers/w14841
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资源简介:
Economists argue that rich information environments and formal enforcement of contracts are necessary to prevent market failures when information asymmetries exist. We test for the necessity of formal enforcement to overcome the problems of asymmetric information by estimating the value of
提供机构:
美国国家经济研究局
创建时间:
2009-04-01
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