Causes and Effects
Edited by Ehtisham Ahmad, Massimo Bordignon and Giorgio Brosio
Chapter 13: Incentives facing local governments in the absence of credible enforcement
13. Incentives facing local governments in the absence of credible enforcement Leo Fulvio Minervini and Annalisa Vinella The soft budget constraint literature may give the impression that hardness is ‘good’ and softness ‘bad’. But if this were li...
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