• Publications
  • Influence
Property Rights and Investment Incentives: Theory and Evidence from Ghana
  • T. Besley
  • Economics
  • Journal of Political Economy
  • 1 October 1995
This paper examines the link between property rights and investment incentives. I develop three theoretical arguments based on security of tenure, using land as collateral and obtaining gains fromExpand
An Economic Model of Representative Democracy
This paper develops an approach to the study of democratic policy-making where politicians are selected by the people from those citizens who present themselves as candidates for public office. TheExpand
Principled Agents?: The Political Economy of Good Government
1 COMPETING VIEWS OF GOVERNMENT The issues This book Background Economic Policy Making Political Economy Incentives and Selection in Politics Concluding Comments 2 THE ANATOMY OF GOVERNMENT FAILUREExpand
Can Labour Regulation Hinder Economic Performance? Evidence from India
This paper investigates whether the industrial relations climate in Indian States has affected the pattern of manufacturing growth in the period 1958-92. We show that pro-worker amendments to theExpand
Competition and Incentives with Motivated Agents
A unifying theme in the literature on organizations such as public bureaucracies and private nonprofits is the importance of mission, as opposed to profit, as an organizational goal. SuchExpand
Group lending, repayment incentives and social collateral
Abstract In this paper, we investigate the impact on repayment rates of lending to groups which are made jointly liable for repayment. This type of scheme, especially in the guise of the Grameen BankExpand
Capital in the 21st Century
On 19 December 2014, the Centre for Economic Policy Research and the Bank of England hosted a discussion forum based around Thomas Piketty’s book, Capital in the twenty-first century, with a numberExpand
Does Electoral Accountability Affect Economic Policy Choices? Evidence from Gubernatorial Term Limits
This paper analyzes the behavior of U. S. governors from 1950 to 1986 to investigate a reputation-building model of political behavior. We argue that differences in the behavior of governors who faceExpand
The Political Economy of Government Responsiveness: Theory and Evidence from India
The determinants of government responsiveness to its citizens is a key issue in political economy. Here we develop a model based on the solution of political agency problems. Having a more informedExpand
Centralized Versus Decentralized Provision of Local Public Goods: a Political Economy Analysis
This paper takes a fresh look at the trade-off between centralized and decentralized provision of local public goods. The point of departure is to model a centralized system as one in which publicExpand