| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP5822 |
| DP5822 Prudence in Bargaining: The Effect of Uncertainty on Bargaining Outcomes | |
| Lucy White | |
| 发表日期 | 2006-09-17 |
| 出版年 | 2006 |
| 语种 | 英语 |
| 摘要 | We study how barriers to competition - such as, restrictions to business start-up and strict enforcement of covenants or IPR - affect the investment in knowledge capital when contracts are not enforceable. These barriers lower the competition for human capital and reduce the incentive to accumulate knowledge. We show in a dynamic general equilibrium model that this mechanism has the potential to account for significant cross-country income inequality. |
| 主题 | International Macroeconomics |
| 关键词 | Contract enforcement Human capital Economic growth |
| URL | https://cepr.org/publications/dp5822 |
| 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/534667 |
| 推荐引用方式 GB/T 7714 | Lucy White. DP5822 Prudence in Bargaining: The Effect of Uncertainty on Bargaining Outcomes. 2006. |
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