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incentives of the entrepreneur, but there is no consensus whether its overall effect is positive or negative if we take into … value. Moreover, a well-designed subsidy scheme improves incentives and instead of crowding out it boosts private financing …
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incentives of the entrepreneur, but there is no consensus whether its overall effect is positive or negative if we take into … value. Moreover, a well-designed subsidy scheme improves incentives and instead of crowding out it boosts private financing …
Persistent link: https://www.econbiz.de/10010429128
In spite a vast amount of both theoretical and empirical work on foreign assistance and development, little is known about the incentive effects of aid. In fact, recent surveys of aid only briefly mention the possibility of moral hazard situations in the recipient-donor relation, but conclude...
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