| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP1658 |
| DP1658 The Economic Institution of International Barter | |
| Dalia Marin; Monika Schnitzer | |
| 发表日期 | 1997-06-27 |
| 出版年 | 1997 |
| 语种 | 英语 |
| 摘要 | This paper proposes a model in which economic relations and institutions in advanced and less-developed economies differ as these societies have access to different amounts of information. This lack of information makes it hard to give the right incentives to managers and entrepreneurs. We argue that differences in the amount of information arise because of the differences in the scale of activities in rich and poor economies; namely, there is too little repetition of similar activities in poor economies, thus insufficient information to set the appropriate standards for firm performance. The model predicts a number of institutional and structural transformations as the economy accumulates capital and information. |
| 主题 | International Macroeconomics |
| 关键词 | Agency costs Development Incentives Information Relative performance evaluation Risk sharing Sectorial transformations |
| URL | https://cepr.org/publications/dp1658 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530798 |
| 推荐引用方式 GB/T 7714 | Dalia Marin,Monika Schnitzer. DP1658 The Economic Institution of International Barter. 1997. |
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