Aide Au Développement Et Information Asymétrique : Une Analyse Principal-Agent
In recent years some critiques toward the efficiency of foreign aid have appeared in the economic literature. The allocation of foreign aid toward corrupt governments induces the failure of development policies. Donors have to control the use of aid in order to avoid the risk of kleptocracy. Our work is based on the role of the principal-agent model as a tool to analyze the allocating of foreign aid. We use the principal-agent model to formalize the problem of aid efficiency. We find that foreign aid allocation without any coordination between donors induces inefficiency in the setting out of development policies.
Volume (Year): 34 (2011)
Issue (Month): ()
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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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"When is foreign aid policy credible : aid dependence and conditionality,"
Policy Research Working Paper Series
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4553011, Harvard University Department of Economics.
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MIT Press Books,
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edition 1, volume 1, number 0262025760, June.
- Christiaensen, Luc & Scott, Christopher & Wodon, Quentin, 2002. "Development Targets and Costs," MPRA Paper 12299, University Library of Munich, Germany.
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"The Institutional Economics of Foreign Aid,"
Cambridge University Press, number 9780521055390, October.
- Azam, Jean-Paul & Laffont, Jean-Jacques, 2003. "Contracting for aid," Journal of Development Economics, Elsevier, vol. 70(1), pages 25-58, February.
- Svensson, Jakob, 2003. "Why conditional aid does not work and what can be done about it?," Journal of Development Economics, Elsevier, vol. 70(2), pages 381-402, April.
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