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Showing 1 to 1 of 1 for “"principal moral hazard"”.
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Principal Moral Hazard, Environmental Regulatory Biases, and Strategic Interaction among Chinese Local Governments
Principal moral hazard is one 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 …