Incentives and Commitment : An Empirical Analysis of Contracts between Government and State Enterprises

Abstract

This article analyzes the experience with performance contracts between developing country governments and the managers of their state owned enterprises. It identifies how problems of information asymmetry, incentives, and commitment can lead to shirking. It applies this conceptual framework to a sample of 12 contracts with monopoly state enterprises in 6… (More)

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Cite this paper

@inproceedings{Shirley1998IncentivesAC, title={Incentives and Commitment : An Empirical Analysis of Contracts between Government and State Enterprises}, author={Mary M. Shirley and Lixin Xu}, year={1998} }