We study how a donor can use restricted transfers to control the moral hazard behavior of a recipient and how the composition of unrestricted and restricted transfers is adjusted in response to changes in the moral hazard behavior of the recipient. Under certain conditions, our game-theoretic...

The paper presents a theoretical and empirical analysis of a donors choice of the composition of unrestricted and in-kind/restricted transfers to a recipient and how this composition is adjusted in response to changes in the moral hazard behavior of the recipient. In-kind or restricted transfers...

This paper investigates the impact of aid on growth. A clear departure from the vast majority of the existing literature is that we a disaggregate aid by functional classification. Using the GMM SYS approach to dynamic panel estimator we test the three main competing specifications in the aid...

Estas actas resumen las actividades del taller sobre "Comercialización de los Servicios Hidrometeorológicos" que tuvo lugar en la sede del Banco Interamericano de Desarrollo los días 3 y 4 de abril del año 2000. El taller se financió con aportes de la cooperación técnica ATN/SC-6815-RG y...

Estas actas resumen las actividades del taller sobre "Comercialización de los Servicios Hidrometeorológicos" que tuvo lugar en la sede del Banco Interamericano de Desarrollo los días 3 y 4 de abril del año 2000. El taller se financió con aportes de la cooperación técnica ATN/SC-6815-RG y...

Economists typically evaluate policies based on how such policies affect individuals' utilities. We follow this approach by taking a welfarist view of the USA's espoused policy of promoting liberty in other parts of the world. However, we take a nuanced view by investigating the type of welfare...