Relationships and Growth: On the Dynamic Interplay between Relational Contracts and Competitive Markets in Economic Development
in The Review of Economic Studies
April 2016; p ublished online September 2015 .
Journal Article. Subjects: Information, Knowledge, and Uncertainy; General Aggregative Models; Economic Development. 14106 words.
This article presents a dynamic general equilibrium model to investigate how different contracting modes based on formal and relational enforcements emerge endogenously and are linked...