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Social Networks as Contract Enforcement: Evidence from a Lab Experiment in the Field

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NBER2014-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w20259
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Absence of well-functioning formal institutions leads to reliance on social networks to enforce informal contracts. Social ties may aid cooperation, but agents vary in network centrality, and this hierarchy may hinder cooperation. To assess the extent to which networks substitute for enforcement, we
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2014-06-01
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