Parcourir Faculté des arts et des sciences – Département de sciences économiques - Travaux et publications par sujet "réformes"
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On the Political Economy of Sequential Reforms
(Université de Montréal. Département de sciences économiques., 2001)This paper proposes an explanation for why efficient reforms are not carried out when losers have the power to block their implementation, even though compensating them is feasible. We construct a signaling model with two-sided incomplete information ...