The role of implicit contracts
Building public works in the 1840s in Portugal
Bibliographic Data
| ID | 8419702 |
|---|---|
| Authors | Maria Eugénia Mata (0000-0003-0229-3604, a Universidade Nova de Lisboa , Portugal, corresponding author) |
| Year | 2008 |
| Volume | 50 |
| Issue | 2 |
| Pages | 147-162 |
| Publication date | 2008-03-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Business History (JOURNAL) |
| Journal identifiers | ISSN: 0007-6791 • E-ISSN: 1743-7938 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/00076790701853421 |
| OpenAlex | W1986712388 |
| Language | EN |
| References cited | 14 |
This article studies financial schemes for building public works in the 1840s. The study of the Portuguese case clearly illustrates the importance of implicit contracts with governments in peripheral Europe, shedding light on solutions for financing the provision of public goods. Building roads and railways seems to have been the fruit of an implicit contract behind the tobacco monopoly in a country involved in social turmoil and civil wars. Reputation effects are called to explain the relevant range of the partners' negotiations, to reject the traditional historiography based on wrong management and speculation in a period of savage capitalism
Business · Capitalism · Economics · Historiography · Market economy · Monopoly · Negotiation · Political economy · Political science · Politics · Reputation · Speculation · Finance · Fiscal Policy and Economic Growth · Historical Economic and Social Studies · Law · Local Government Finance and Decentralization
| Citation velocity | historical |
|---|---|
| Highly cited | No |