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Showing 1 to 1 of 1 for “"Chinese politics and policy"”.
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Principal Moral Hazard, Environmental Regulatory Biases, and Strategic Interaction among Chinese Local Governments
… of the major concerns that generates undesired and inefficient governance outcomes. Although the principal moral hazard theory is very well-established, little empirical evidence has been provided on how principal moral hazard is operating in practice and what consequences it brings about. In …