Order with Some Law: Complementarity versus Substitution of Formal and Informal Arrangements

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dc.contributor.authorSERGIO GIOVANETTI LAZZARINI
dc.contributor.authorMiller, Gary J.
dc.contributor.authorZenger, Todd R.
dc.coverage.cidadeNão informadopt_BR
dc.coverage.paisNão Informadopt_BR
dc.creatorMiller, Gary J.
dc.creatorZenger, Todd R.
dc.date.accessioned2022-10-14T22:01:18Z
dc.date.available2022-10-14T22:01:18Z
dc.date.issued2004
dc.description.otherWhile some argue that incomplete incentive contracts facilitate the self enforcement of informal dealings, other authors submit that they substitute for or ‘‘crowd out’’ social norms supporting informal arrangements. We use experimental evidence to test these theories by manipulating the extent to which individuals transact repeatedly and the level of contract costs. We find that, by enforcing contractible exchange dimensions, contracts facilitate the self-enforcement of noncontractible dimensions. This complementarity effect is particularly important when repetition is unlikely and thus self-enforcement is difficult. Although our data suggest the existence of reciprocity as an alternative, informal enforcement mechanism, we do not find evidence that contracts substitute for this social norm.pt_BR
dc.format.extentp. 261-298pt_BR
dc.format.mediumDigitalpt_BR
dc.identifier.doidoi:10.1093/jleo/ewh034pt_BR
dc.identifier.issue2pt_BR
dc.identifier.urihttps://repositorio.insper.edu.br/handle/11224/4303
dc.identifier.volume20pt_BR
dc.language.isoInglêspt_BR
dc.publisherOxford University Presspt_BR
dc.relation.ispartofThe Journal of Law, Economics, & Organizationpt_BR
dc.rights.licenseO INSPER E ESTE REPOSITÓRIO NÃO DETÊM OS DIREITOS DE USO E REPRODUÇÃO DOS CONTEÚDOS AQUI REGISTRADOS. É RESPONSABILIDADE DOS USUÁRIOS INDIVIDUAIS VERIFICAR OS USOS PERMITIDOS NA FONTE ORIGINAL, RESPEITANDO-SE OS DIREITOS DE AUTOR OU EDITOR.pt_BR
dc.subject.keywordsNão informadopt_BR
dc.titleOrder with Some Law: Complementarity versus Substitution of Formal and Informal Arrangementspt_BR
dc.typejournal article
dspace.entity.typePublication
local.subject.cnpqCiências Sociais Aplicadaspt_BR
local.typeArtigo Científicopt_BR
relation.isAuthorOfPublication4ee022f9-7466-405d-ae1a-6b1e33f611e8
relation.isAuthorOfPublication.latestForDiscovery4ee022f9-7466-405d-ae1a-6b1e33f611e8

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