Political Risk Aversion /
This paper studies the effect of individual uncertainty on collective decision-making to implement innovation. We show how individual uncertainty creates a bias for the status quo even under irreversible voting decisions, in contrast with Fernandez and Rodrik (1991). Blocking innovation is rooted in...
| मुख्य लेखक: | |
|---|---|
| स्वरूप: | पत्रिका |
| भाषा: | English |
| प्रकाशित: |
Washington, D.C. :
International Monetary Fund,
2009.
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| श्रृंखला: | IMF Working Papers; Working Paper ;
No. 2009/194 |
| ऑनलाइन पहुंच: | Full text available on IMF |