The authors analyze experience with written performance contracts between developing country governments and the managers of their state-owned enterprises. Such contracts have been a vogue since the mid-1980s, and substantial resources have been sunk into their design and enforcement, yet the few assessments to date show mixed results. Using a simple agency model, they identify how problems of weak incentives sthemming from information asymmetry...
Подробнее
ПОДРОБНАЯ ИНФОРМАЦИЯ
-
1997/05/31
-
Рабочий документ в рамках исследования вопросов политики
-
WPS1769
-
1
-
1
-
2010/07/01
-
Information, incentives, and commitment : an empirical analysis of contracts between government and state enterprises
-
Finance & Private Sector Development