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An incentive compatible model for eliciting firms’ production function in a development process

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  • Aloysius Ajab AMIN

    (Institute for Development Solutions, USA.)

Abstract

Development plans with projects are usually designed by developing countries including African countries as a major tool for carrying out their development activities. Yet in their market oriented economies the governments have problems of allocating their scarce resources in the tender process. Thus, an incentive model is formulated for more efficient resource allocation and within this framework; decisions taken could be evaluated based on the outcomes.

Suggested Citation

  • Aloysius Ajab AMIN, 2015. "An incentive compatible model for eliciting firms’ production function in a development process," Journal of Economics Library, KSP Journals, vol. 2(2), pages 93-101, June.
    • Handle: RePEc:ksp:journ5:v:2:y:2015:i:2:p:93-101
    as

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    File URL: http://www.kspjournals.org/index.php/JEL/article/download/325/447
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    References listed on IDEAS

    as
    1. Conn, David, 1979. "A comparison of alternative incentive structures for centrally planned economic systems," Journal of Comparative Economics, Elsevier, vol. 3(3), pages 261-276, September.
    2. Dan Andrews & Alain de Serres, 2012. "Intangible Assets, Resource Allocation and Growth: A Framework for Analysis," OECD Economics Department Working Papers 989, OECD Publishing.
    3. Wolgin, Jerome M, 1997. "The Evolution of Economic Policymaking in Africa," American Economic Review, American Economic Association, vol. 87(2), pages 54-57, May.
    4. De, Parikshit, 2014. "Rawlsian Allocation In Queueing And Sequencing Problem," MPRA Paper 58744, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Resource allocation; Tender process; Incentive compatible; Production technology; development plan; Public goods.;
    All these keywords.

    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
    • H57 - Public Economics - - National Government Expenditures and Related Policies - - - Procurement
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • P11 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Planning, Coordination, and Reform

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