This article discusses the Crown Agent purchase of colonial government supplies from the perspective of principal-agent theory. It is argued that, in order to maximise their own welfare, the Agents adopted a quality bias and used an uncompetitive purchasing procedure to buy quality goods, which...

This book contributes to the growing governance literature in three ways. First, it extends the analysis to new areas such as power asymmetry, regulation, transnational company strategies, and law enforcement. Secondly, it examines the role of formal institutions that shape and enforce the...

This book contributes to the growing governance literature in three ways. First, it extends the analysis to new areas such as power asymmetry, regulation, transnational company strategies, and law enforcement. Secondly, it examines the role of formal institutions that shape and enforce the...

Economic governance institutions (rules, norms and enforcement practices) define the cost and incentive structures that influence the decisions of economic actors. They therefore have a significant impact on micro and macro economic performance across countries and time. -- This book contributes...

volume 1. General introduction agriculture -- volume 2. Mining, trade and industry -- volume 3. The building blocks of development : governance, transport and communications, and human and financial capital index.