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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Enforcement, Regulation and Development
Author:Laffont, Jean-Jacques
Periodical:Journal of African Economies
Volume:12 Supplement 2
Geographic terms:Ivory Coast - Côte d'Ivoire
Subjects:telecommunications industry
law of contract
Law, Human Rights and Violence
Development and Technology
Economics and Trade
Politics and Government
Abstract:After discussing examples of enforcement failures for regulatory contracts in the telecommunications industry in Ghana, Tanzania and Côte d'Ivoire, the author develops a regulation model with asymmetric information and imperfect enforcement. Either the regulator succeeds in forcing the regulated firm to fulfill the contract or renegotiation takes place. The probability of renegotiation decreases with the level of enforcement expenditures which is chosen by the regulator. The model suggests that the endogenous level of enforcement decreases with the proneness to corruption, and increases and then decreases with the level of development. With cross-section regressions for 1997 the author shows that the predictions are not rejected by the data. Bibliogr., notes, ref., sum. [Journal abstract, edited]