Political Risk Aversion (Record no. 155067)
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000 -LEADER | |
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fixed length control field | 02212nam a22003854a 4500 |
001 - CONTROL NUMBER | |
control field | WPIEA2009194 |
003 - CONTROL NUMBER IDENTIFIER | |
control field | IMF |
005 - DATE AND TIME OF LATEST TRANSACTION | |
control field | 20190405172448.0 |
006 - FIXED-LENGTH DATA ELEMENTS--ADDITIONAL MATERIAL CHARACTERISTICS--GENERAL INFORMATION | |
fixed length control field | m o d |
007 - PHYSICAL DESCRIPTION FIXED FIELD--GENERAL INFORMATION | |
fixed length control field | cr cn||||||||| |
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
fixed length control field | 020129s2009 dcu o i00 0 eng d |
020 ## - INTERNATIONAL STANDARD BOOK NUMBER | |
International Standard Book Number | 1451873417 : |
Terms of availability | 18.00 USD |
020 ## - INTERNATIONAL STANDARD BOOK NUMBER | |
Cancelled/invalid ISBN | 9781451873412 |
022 ## - INTERNATIONAL STANDARD SERIAL NUMBER | |
International Standard Serial Number | 1018-5941 |
024 7# - OTHER STANDARD IDENTIFIER | |
Standard number or code | 10.5089/9781451873412.001 |
Source of number or code | doi |
035 ## - SYSTEM CONTROL NUMBER | |
System control number | (IMF)WPIEA2009194 |
040 ## - CATALOGING SOURCE | |
Original cataloging agency | DcWaIMF |
Language of cataloging | eng |
100 1# - MAIN ENTRY--PERSONAL NAME | |
Personal name | Valderrama, Laura. |
245 10 - TITLE STATEMENT | |
Title | Political Risk Aversion |
Medium | [electronic resource] / |
Statement of responsibility, etc | Laura Valderrama. |
260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) | |
Place of publication, distribution, etc | Washington, D.C. : |
Name of publisher, distributor, etc | International Monetary Fund, |
Date of publication, distribution, etc | 2009. |
300 ## - PHYSICAL DESCRIPTION | |
Extent | 1 online resource (26 p.) |
490 1# - SERIES STATEMENT | |
Series statement | IMF Working Papers; Working Paper ; |
Volume number/sequential designation | No. 09/194 |
520 3# - SUMMARY, ETC. | |
Summary, etc | 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. |
588 ## - SOURCE OF DESCRIPTION NOTE | |
Source of description note | Description based on print version record. |
650 #7 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
Topical term or geographic name as entry element | Criteria for Decision-Making Under Risk and Uncertainty |
Source of heading or term | imf |
650 #7 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
Topical term or geographic name as entry element | Dynamic Voting |
Source of heading or term | imf |
650 #7 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
Topical term or geographic name as entry element | Expropriation |
Source of heading or term | imf |
650 #7 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
Topical term or geographic name as entry element | Individual Uncertainty |
Source of heading or term | imf |
650 #7 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
Topical term or geographic name as entry element | Innovation |
Source of heading or term | imf |
650 #7 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
Topical term or geographic name as entry element | Institutional Reform |
Source of heading or term | imf |
651 #7 - SUBJECT ADDED ENTRY--GEOGRAPHIC NAME | |
Geographic name | China, People's Republic of |
Source of heading or term | imf |
776 08 - ADDITIONAL PHYSICAL FORM ENTRY | |
Display text | Print Version: |
Main entry heading | Valderrama, Laura. |
Title | Political Risk Aversion |
Place, publisher, and date of publication | Washington, D.C. : International Monetary Fund, 2009. |
International Standard Book Number | 9781451873412 |
830 #0 - SERIES ADDED ENTRY--UNIFORM TITLE | |
Uniform title | IMF Working Papers; Working Paper ; |
Volume number/sequential designation | No. 09/194 |
856 40 - ELECTRONIC LOCATION AND ACCESS | |
Uniform Resource Identifier | <a href="http://elibrary.imf.org/view/IMF001/10418-9781451873412/10418-9781451873412/10418-9781451873412.xml">http://elibrary.imf.org/view/IMF001/10418-9781451873412/10418-9781451873412/10418-9781451873412.xml</a> |
Public note | IMF e-Library |
856 40 - ELECTRONIC LOCATION AND ACCESS | |
Uniform Resource Identifier | <a href="http://www.imfbookstore.org/IMFORG/9781451873412">http://www.imfbookstore.org/IMFORG/9781451873412</a> |
Public note | IMF Book Store |
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