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This paper discusses a theoretical framework to study the issues of competition and incentives without relying on the standard profit-orientated "market" model in the context of the debates about public service reform in the UK. It uses the idea that the production of public services coheres...
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Economists generally assume that the state has sufficient institutional capacity to support markets and levy taxes. This paper develops a framework where "policy choices" in market regulation and taxation are constrained by past investments in legal and fiscal capacity. It studies the economic...
Persistent link: https://www.econbiz.de/10010745441
This chapter develops a unified analytical framework, drawing on and extending the existing literature on the subject, for studying the role of property rights in economic development. It addresses two fundamental and related questions concerning the relationship between property rights and...
Persistent link: https://www.econbiz.de/10010745450
This paper explores the consequences of creating and improving property rights so that fixed assets can be used as collateral. This has become a cause célèbre of Hernando de Soto whose views are influential in debates about policy reform concerning property rights. Hence, we refer to the...
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This paper uses data on elected village councils in South India to examine the political economy of public resource allocation. We find that the pattern of policy-making reflects politicians' self-interest. Elected councillors benefit from improved personal access to public resources. In...
Persistent link: https://www.econbiz.de/10010745800
A unifying theme in the literature on organizations such as public bureaucracies and private non-profits is the importance of missions, as opposed to profit, as an organizational goal. Such mission-oriented organizations are frequently staffed by motivated agents who subscribe to the mission....
Persistent link: https://www.econbiz.de/10010745867
In recent times there has been a renewed interest in relationships between redistribution, growth and welfare. Land reforms have been central to strategies to improve the asset base of the poor in developing countries thought their effectiveness has been hindered by political constraints on...
Persistent link: https://www.econbiz.de/10010746031