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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- Mathias Dewatripont & Patrick Bolton, 2005.
ULB Institutional Repository
2013/9543, ULB -- Universite Libre de Bruxelles.
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600, Stockholm - International Economic Studies.
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"Do Corrupt Governments Receive Less Foreign Aid?,"
4553011, Harvard University Department of Economics.
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"Who Gives Foreign Aid to Whom and Why?,"
4553020, Harvard University Department of Economics.
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"The Institutional Economics of Foreign Aid,"
Cambridge University Press, number 9780521808187, December.
- Fares, M’hand, 2005. "Quels fondements à l’incomplétude des contrats?," L'Actualité Economique, Société Canadienne de Science Economique, vol. 81(3), pages 535-555, Septembre.
- 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.
- Azam, Jean-Paul & Laffont, Jean-Jacques, 2003. "Contracting for aid," Journal of Development Economics, Elsevier, vol. 70(1), pages 25-58, February.
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