This paper explores the role of information transmission in explaining donors ́choice between project aid and budget … ́information is more relevant (centralization). The empirical analysis confirms that the importance of donors ́private information …

" consists of unverifiable information and the quality of communication depends on the conflict of interests between the …This paper explores the role of information transmission and misaligned interests across levels of government in … explaining variation in the degree of decentralization across countries. Within a two-sided incomplete information principal …

We focus on the role that the transmission of information between a multilateral (e.g., the IMF) and a country has for …

We focus on the role that the transmission of information between a multilateral (the IMF) and a country has for the … information is valuable, a centralized control is indeed optimal. To the contrary, when local knowledge is more important than the …

We focus on the role that the transmission of information between a multilateral (the IMF) and a country has for the … information is valuable, a centralized control is indeed optimal. To the contrary, when local knowledge is more important than the …

We focus on the role that the transmission of information between a multilateral (the IMF) and a country has for the … information is valuable, a centralized control is indeed optimal. To the contrary, when local knowledge is more important than the …

’ consists of unverifiable information and the quality of communication depends on the conflict of interests between the …This paper explores the role of information transmission and misaligned interests across levels of government in … explaining variation in the degree of decentralization across countries. Within a two-sided incomplete information principal …

over how to implement the aid are different, and both the donor and recipient possess some private information about the … their own private information is more important than the private information of the recipient. Less obviously, an increase … should grant the recipients, as the recipients' information gains in importance relative to those of the donors, and …

This paper explores the role of information transmission in explaining donors' choice between project aid and budget …, when countries' local knowledge is more important than donors' information, recipient countries' discretion in the choice …' information is more relevant (centralization). The empirical analysis confirms that the importance of donors' private information …