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Social Structure and Institutional Design: Evidence from a Lab Experiment in the Field

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NBER2014-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w20309
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In settings with poor formal contract enforcement, profitable investments are likely unrealized. While social closeness can mitigate contractual incompleteness, we examine how to improve the preponderance of cases where contracting parties cannot rely upon social ties. We ask if a community can
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2014-07-01
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