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Decentralisation and the Perceived Quality of Institutions

By Svetlana Andrianova

Abstract

In a simple two-sector model of economic exchange it is shown that decentralisation may fail to be Pareto-improving if traders' perception of formal contract enforcement falls short of its actual quality

Year: 2004
DOI identifier: 10.1016/j.econlet.2003.10.006
OAI identifier: oai:lra.le.ac.uk:2381/2891
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