Reputation is important for contract enforcement when formal institutions are weak. Explain. What conditions in the economic
Question:
Reputation is important for contract enforcement when formal institutions are weak. Explain. What conditions in the economic environment make reputation work more or less efficiently? Why?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
Reputation plays a crucial role in contract enforcement especially in situations where formal institutions are weak In environments with weak legal or regulatory frameworks parties may lack confidence ...View the full answer
Answered By
Salmon ouma
I am a graduate of Maseno University, I graduated with a second class honors upper division in Business administration. I have assisted many students with their academic work during my years of tutoring. That has helped me build my experience as an academic writer. I am happy to tell you that many students have benefited from my work as a writer since my work is perfect, precise, and always submitted in due time. I am able to work under very minimal or no supervision at all and be able to beat deadlines.
I have high knowledge of essay writing skills. I am also well conversant with formatting styles such as Harvard, APA, MLA, and Chicago. All that combined with my knowledge in methods of data analysis such as regression analysis, hypothesis analysis, inductive approach, and deductive approach have enabled me to assist several college and university students across the world with their academic work such as essays, thesis writing, term paper, research project, and dissertation. I have managed to help students get their work done in good time due to my dedication to writing.
5.00+
4+ Reviews
16+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Can someone please summarize the case study below: if you know about the case IKEA Looks to Further Penetrate the U.S. Market 10 CASE Synopsis: IKEA is known around the world for its stylish,...
-
1. How strong are the competitive forces confronting J. Crew in the market for specialty retail? Do a [Michael Porter] five-forces analysis to support your answer. (see chapter 3 in the textfor...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
Provide the appropriate statute for your answer (format style - IRAC - Issue, Rule, Application and Conclusion.) what are your thought? Problem Scenario- Earnest is married to Janice. Earnest and...
-
Soaking Wet, Inc., a manufacturer of gears for lawn sprinklers, is thinking about adding a new fully automated machine. This machine can produce gears that the company now produces on its third...
-
What are the similarities and differences between the professional standards principle and the distributive justice principle?
-
Plaintiff purchased stain and paint from defendant that, upon application, presented significant issues: discoloration and cracking. These issues became apparent 30 days after receipt of the...
-
Saints, Inc., has the following data available for two of its divisions for last year: The tax rate for Saints, Inc., is 30 percent. a. Compute the following for each division: (1) Sales margin (2)...
-
1. A clothes dryer rates at 4000 W runs for 1.50 hours each day. it uses utility power at 240 V. how much current does the dryer use? 2. For the clothes dryer in the previous question, how much does...
-
Give examples of formal and informal institutions as solutions for the cooperation problem that we have not discussed in the chapter. Explain your choices.
-
Many solutions to informational problems emerge spontaneously as contractual innovations. Is there a role for the formal institution of law with respect to these contractual innovations, and if so,...
-
Fill in the blanks with an appropriate word, phrase, or symbol(s). In a right triangle, the side that is opposite the right angle is called the ________.
-
The company is planning to sell a paperback version of the new book "The Great Covid Panic: What Happened, Why, and What To Do Next" in two different countries: Sweden and Italy. The marketing...
-
h(x) = g(x) + (fog)(2), where f(x) = x + 6x and g(x) = The value of h(6), to the nearest hundredth, is z 2
-
Describe the derivation of Ohlson's Unbiased Accounting Model. What is your assessment of Ohlson's Unbiased Accounting Model? How does Ohlson's Unbiased Accounting Model compare with (i) the Simple...
-
Most elected officials are not educators, thus, we are limited in those with educational experience being in influential positions to make the decisions that impact our daily lives. How might we get...
-
Let X(t) and Y(t) be two stochastic processes, such that dX dY = = ux(x(t), t)dt+ox(x(t), t)dZx y (Y(t), t)dtoy (Y(t), t)dZy with dZx(t), dZy (t) being the increments for two distinct Wiener...
-
Compare and contrast the various options that exist for acquiring software.
-
Horse serum containing specific antibody to snake venom has been a successful approach to treating snakebite in humans. How do you think this anti-venom could be generated? What are some advantages...
-
In what ways was the recent global financial crisis similar to past crises, and in what ways did it differ?
-
In what ways was the recent global financial crisis similar to past crises, and in what ways did it differ?
-
What has been proposed to resolve the problem of odius debt? How effective a solution do you think this will be for averting future problems involving developing-country debt?
-
Take notes while watching the Jean Kilbourne video, Killing Us Softly 4. The video is linked from the Unit 4 Lectures folder. Keep track of the themes Kilbourne presented, and example of programs she...
-
A clear explanation the one specific consumer-based issue/problem/controversy or opportunity that Kodak Film is facing currently and that will be the subject of your project. Explain this as a...
-
working as a brand manager. write product description using sensory detail techniques. Underline the sensory words Topics: a) Big Mac: b) Dove soap: c) Bath and Body: d) Old Navy: e) Bombay palace:
Study smarter with the SolutionInn App