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"Keefer proposes a new approach to explain why the costs of crisis are greater in some countries than in others. He begins with the premise that many crises result from the willingness of politicians to cater to special interests at the expense of broad social interests. A parsimonious model...
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"This paper presents the evaluation of the program Computers for Education. The program aims to integrate computers, donated by the private sector, into the teaching of language in public schools. The authors conduct a two-year randomized evaluation of the program using a sample of 97 schools...
Persistent link: https://www.econbiz.de/10011394130
uncertainty of government behavior impedes it. This paper reports on a laboratory experiment based on a stylized model of the … Zambian maize market. The experiment facilitates a comparison between discretionary interventionism and a rules-based policy … in which the government pre-commits itself to a future course of action. A simple precommitment rule can, in theory …
Persistent link: https://www.econbiz.de/10010521032
"Microfinance has been heralded as an effective way to address imperfections in credit markets. But from a theoretical perspective, the success of microfinance contracts has puzzling elements. In particular, the group-based mechanisms often employed are vulnerable to free-riding and collusion,...
Persistent link: https://www.econbiz.de/10010522103
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government behavior underpinned by mutual trust and cooperation. The authors report on an economic policy experiment based on a … stylized model of the Zambian maize market. The experiment facilitates a comparison between the current government policy of …
Persistent link: https://www.econbiz.de/10012553303
Smallholder farmers in Sub-Saharan Africa face an array of challenges to realizing higher profits from their agricultural activities, including lack of adequate storage facilities and credit market imperfections. To address these constraints, warrantage, an innovative inventory credit system,...
Persistent link: https://www.econbiz.de/10013544867