Institutional Foundations of Impersonal Exchange: Theory and Policy of Contractual Registries

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Governments and development agencies spend considerable resources building property and company registries to protect property rights. When these efforts succeed, owners feel secure enough to invest in their property and banks are able use it as collateral for credit. Similarly, firms prosper when entrepreneurs can transform their firms into legal entities and thus contract more safely. Unfortunately, developing registries is harder than it may seem to observers, especially in developed countries, where registries are often ...

Institutional Foundations of Impersonal Exchange: Theory and Policy of Contractual Registries 2012, University of Chicago Press, Chicago, IL

ISBN-13: 9780226028323

Hardcover

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