This paper extends and applies principal-agent theory to the performance of donor projects. There is variation in the degree of divergence between the interests of the donor (the principal) and the recipient government (the agent). Further, the effort expended on observation of the agent is a...

For half a century, social policies in Latin America were characterized by conflict. Well, for the last fifteen years the conflict approach gave place to the consensus one, whether the latter relates to goals (of poverty reduction) or the instruments used for this.This paper examines the origins...

We define ‘failing states’ are those low-income states in which policy and governance is persistently very bad. We develop a theory of reform in these states in which several characteristics of the society might potentially be the binding constraint on change. We then introduce aid,...

Insurance coverage for natural disasters remains low in many exposed areas. A limited supply of insurance is commonly identified as a primary causal factor in this low insurance coverage. The French overseas departments provide a rare natural experiment of a well-developed supply of natural...

This work studies the seniority and the hierarchical level of product champions. The hierarchical level is positively correlated to the size of investment of the innovation projects and the level of seniority is positively associated to the most innovative projects. The seniority of champions...

The dilemma between radical and market innovations is unlighted here by a simulation. Following evolutionist theory and innovation management, an agent-based model issued from genetic algorithm is built. In a perfect world, transformation and selection create dynamics and emergence in an agent...