The Resource Political risk aversion, prepared by Laura Valderrama, (electronic resource)

Political risk aversion, prepared by Laura Valderrama, (electronic resource)

Label
Political risk aversion
Title
Political risk aversion
Statement of responsibility
prepared by Laura Valderrama
Creator
Contributor
Provider
Subject
Language
eng
Summary
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 the aversion to the potential loss of political clout in future voting decisions. Thus, risk neutral individuals exhibit what we call political risk aversion. Yet individual uncertainty is not all bad news as it may open the door to institutional reform. We endogenize institutional reform and show a non-monotonic relationship between institutional efficiency and the size of innovation
Member of
Cataloging source
CUS
http://library.link/vocab/creatorName
Valderrama, Laura
Government publication
international or intergovernmental publication
Illustrations
illustrations
Index
no index present
LC call number
HG3810
Literary form
non fiction
Nature of contents
  • standards specifications
  • bibliography
http://library.link/vocab/relatedWorkOrContributorName
ebrary
Series statement
IMF working paper
Series volume
WP/09/194
http://library.link/vocab/subjectName
  • Technological innovations
  • Corporate culture
  • Risk
  • Corporate culture
  • Risk
  • Technological innovations
Label
Political risk aversion, prepared by Laura Valderrama, (electronic resource)
Instantiates
Publication
Note
  • At head of title: IMF Institute
  • "September 2009."
Bibliography note
Includes bibliographical references
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Dimensions
unknown
Extent
1 online resource (26 pages)
Form of item
electronic
Media category
computer
Media MARC source
rdamedia
Media type code
c
Other physical details
illustrations.
Specific material designation
remote
System control number
  • (OCoLC)649468877
  • (OCoLC)ocn649468877
Label
Political risk aversion, prepared by Laura Valderrama, (electronic resource)
Publication
Note
  • At head of title: IMF Institute
  • "September 2009."
Bibliography note
Includes bibliographical references
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Dimensions
unknown
Extent
1 online resource (26 pages)
Form of item
electronic
Media category
computer
Media MARC source
rdamedia
Media type code
c
Other physical details
illustrations.
Specific material designation
remote
System control number
  • (OCoLC)649468877
  • (OCoLC)ocn649468877

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