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Consider the problem of Bayesian implementation, i.e., of constructing mechanisms with the property that all Bayesian equilibrium outcomes agree with a given choice rule. The authors show that a general procedure is to start with an incentive-compatible revelation mechanism, and then augment...
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Enforcement by monitoring cannot be conditioned on the severity of an offense while enforcement by investigation can be. If some degrees of the offenses are not adequately reported or if investigation is too costly, the regulator must monitor and treat offenses of different severity quite...
Persistent link: https://www.econbiz.de/10005761540
This paper estimates respective roles of private investments in irrigation and local government programs (land reforms, extension services, and infrastructure investments) in the growth of farm productivity in West Bengal, India between 1981-95. Using a farm panel from a stratified random sample...
Persistent link: https://www.econbiz.de/10004991555
It is generally presumed that strengthening legal enforcement of lender rights increases credit access for all borrowers, by expanding the set of incentive compatible loan contracts. This is based on an implicit assumption of infinitely elastic supply of loans. With inelastic supply,...
Persistent link: https://www.econbiz.de/10004991556
This paper assesses the relation between living standards and forest degradation in the Indian mid-Himalayas, and related policy issues. The analysis is based on detailed household, village and ecology surveys in a sample of 165 villages in Uttaranchal and Himachal Pradesh. Our prior fieldwork...
Persistent link: https://www.econbiz.de/10004991574
The authors characterize optimal enforcement in a setting in which individuals can select among various levels of some activity, all of which are monitored at the same rate but may be prosecuted and punished at varying rates. For less harmful acts, marginal expected penalties ought to fall short...
Persistent link: https://www.econbiz.de/10005728689
This paper summarizes findings from a decade-long project on forest degradation in the mid-Himalayan region of India and Nepal. The analysis is based on LSMS data for Nepal and field work in Indian states of Uttaranchal and Himachal Pradesh comprising sample surveys of forests, households and...
Persistent link: https://www.econbiz.de/10009370573
Purpose – This paper aims to provide an overview of recent research on accountability of local and state governments in India. Design/methodology/approach – The Downsian theory of electoral competition is used as a departure point for classifying different sources of government...
Persistent link: https://www.econbiz.de/10014759105