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