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Supervision and project performance: a principal-agent approach

Abstract:

This paper applies and extends principal-agent theory to analyze the performance of donor projects. As in many situations, there is variation in the degree of divergence between the interests of the donor (the principal) and the recipient government (the agent). Further, the effort expended on supervision of the agent is a control variable. We first present a principal-agent model that shows that conditional on optimal contracting, the marginal effect of more precise supervision on the likeli...

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Publication status:
Not published
Peer review status:
Not peer reviewed

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Institution:
IDR-DIAL, Paris
Role:
Author
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Institution:
University of Oxford
Division:
SSD
Department:
Economics
Research group:
Centre for the Study of African Economies
Oxford college:
St Antony's College
Role:
Author
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Institution:
Harvard University
Department:
Department of Economics (graduate student)
Role:
Author
Language:
English
Keywords:
Subjects:
UUID:
uuid:7c8c7237-b2c9-4bc0-b89d-6b09d2ec19eb
Local pid:
ora:1682
Deposit date:
2008-03-14

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