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Capture and Governance at Local and National Levels
135 Despite the importance of this issue, not much systematic research appears to have been devoted to assessing the relative susceptibility of national and local governments to interestgroup
A Decomposition Analysis of the Trend in UK Income Inequality
Post war Britain has experienced a number of dramatic demographic and social changes that have undoubtedly influenced the distribution of income. There has been a rise in the number of pensioners,
Corruptible Law Enforcers: How Should They Be Compensated?
The authors study the optimal compensation policy for a corruptible inspector charged with monitoring pollution from a factory. Their utilitarian approach focuses on the trade-off among corruption,
Evolving Aspirations and Cooperation
A model of "satisficing" behavior in the repeated Prisoners Dilemma is studied. Each player has an aspiration at each date, and takes an action. [S]he switches from the action played in the previous
Optimal Incentive Schemes with Many Agents
The Grossman-Hart principal-agent model of moral hazard is extended to the multiple agent case to explore the use of relative performance in optimal incentive contracting. Under the assumption that
Decentralization, Hierarchies, and Incentives: A Mechanism Design Perspective
Separation of ownership from management, multidivisional firm organizations, delegation of production decisions to worker teams, delegation of pricing and advertising decisions to retail franchisers,
The Environmental Impact of Poverty: Evidence from Firewood Collection in Rural Nepal
The local interhousehold collection externality is negligible, indicating that policy interventions are justified only by ecological considerations or nonlocal spillovers, and there is no evidence in favor of the poverty‐environment hypothesis.