Exiting a Lawless State

An earlier paper showed that an economy could be trapped in an equilibrium state in which the absence of the rule of law led to asset-stripping and the prevalence of asset-stripping led to the absence of a demand for the rule of law, highlighting a coordination failure. This article looks more caref...

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Bibliographic Details
Main Authors: Hoff, Karla, Stiglitz, Joseph E.
Language:EN
Published: 2012
Subjects:
Online Access:http://hdl.handle.net/10986/5849