Establishing secure property rights in transition economies amounts to solving two problems: inefficiency structures of control rights over assets and poor contract enforcement. Politicians and bureaucrats still wield excessive control over assets, which results in inefficient underinvestment by entrepreneurs. Corruption is one way of getting around political control, but the drawbacks are considerable, particularly the limited enforceability of corruption...
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详细
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1995/03/31
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出版
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14422
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1
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1
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2010/07/01
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Establishing property rights
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property right