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- W2267698981 abstract "In the absence of constraints on the state based on rule of law, there is a dilemma facing the state: when the state has the incentives to enforce contracts, it also has the incentives for predation. We demonstrate that available to the state can determine the outcome in such a tradeoff. A full information regime permits the state to engage in unlimited predation which chokes off private incentives. A no information regime does not provides the state with incentives for contract enforcement resulting in opportunistic behavior from private investors. Under a gray information regime, the state can limit its predation and also has incentives to enforce some contracts, leading to better private incentives and limited private opportunistic behavior." @default.
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- W2267698981 date "2000-06-10" @default.
- W2267698981 modified "2023-10-18" @default.
- W2267698981 title "Contract Enforcement and Government Incentives" @default.
- W2267698981 hasPublicationYear "2000" @default.
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