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Institutions and Contract Enforcement

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NBER2008-04-01 更新2025-01-04 收录
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https://www.nber.org/papers/w13961
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资源简介:
We provide evidence on how two important types of institutions -- dismissal barriers, and bonus pay -- affect contract enforcement behavior in a market with incomplete contracts and repeated interactions. Dismissal barriers are shown to have a strong negative impact on worker performance, and market
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2008-04-01
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