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Wealth Inequality, Wealth Constraints and Economic Performance
When asymmetry or non-verifiability of information, or non-excludability of users, makes contracts incomplete or unenforceable, and where for these and other reasons there are impediments to efficient bargaining, we show that private contracting will not generally assign the control of assets and th...
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| Format: | Printed Book |
| Online Access: | http://10.26.1.76/ks/001899.pdf |