The paper argues that to achieve compliance of firms with regulations such as product quality or environmental or health standards it is better to have industries with a few large corporations than numerous small firms. A model is constructed to show that limited liability constraints bind more easily in competitive industries, making it harder to impose sufficiently severe penalties and costlier to send sufficient monitors. Having large corporations...
Подробнее
ПОДРОБНАЯ ИНФОРМАЦИЯ
-
2014/05/01
-
Рабочий документ в рамках исследования вопросов политики
-
WPS6860
-
1
-
1
-
2014/05/01
-
Disclosed
-
Too small to regulate
-
large corporation
ФАЙЛЫ ДЛЯ СКАЧИВАНИЯ
ПОЛНЫЙ ОТЧЕТ
Официальная версия документа (может содержать подписи, и т.д.)