Limited Commitment and Costly Enforcement
نویسندگان
چکیده
منابع مشابه
Turning a Blind Eye: Costly Enforcement, Credible Commitment and Minimum
In many countries, noncompliance with minimum wage legislation is widespread, and authorities may be seen as having turned a blind eye to a legislation they have themselves passed. We show that turning a blind eye can indeed be an equilibrium phenomenon with ex post credibility, in a model of minimum wage policy with imperfect competition, imperfect enforcement and imperfect commitment. Since c...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 1989
ISSN: 1556-5068
DOI: 10.2139/ssrn.2123489