Political Risk Aversion

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 the aversion to the potential loss of... READ MORE...

Publication date: September 2009
ISBN 9781451873412
$18.00

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