sequencing of benefits), monitoring in conjunction with sanctions, and workfare. Our reading of the theoretical literature is …

economic cost of opportunism: regulatory schemes, incentive (or premiality) schemes and a third scheme based on institutional … opportunism is an efficient strategy only for less endowed local contexts, while the policy taxation burden hits too much the …

Effective monitoring requires proper incentives and detection skill. Detection skills depend on the extent of … specialization in monitoring and on the number of agents to be supervised. This paper demonstrates that hierarchy and monitoring of … monitors can provide the necessary incentives for the monitoring agents, which induces them to make use of their detection …

ability to monitor the actions of the agent at an interim stage of the project. I show that monitoring can induce the agent to … is not a one-way street: Situations exist where monitoring encourages greater effort from the agent, resulting in greater … agent involvement is costly, monitoring is often the optimal strategy; this is an explanation for why venture capital type …