Property rights, extortion and the misallocation of talent.
Extortion is a severe obstacle to doing business in many countries, varying both in its frequency and magnitude across establishments. This paper presents a model of extortion to account for these features and assess its quantitative effects. In the model, entrepreneur capital is subject to extortio...
| Publicado en: | European Economic Review Vol. 98; pp. 86 - 111 |
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| Formato: | Artículo |
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Elsevier B.V.
Sep2017
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| Acceso en línea: | Ver este registro en EBSCOhost |