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...
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INFORMATION
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1997/05/31
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Document de travail de recherche sur les politiques
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WPS1769
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1
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1
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2010/07/01
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Information, incentives, and commitment : an empirical analysis of contracts between government and state enterprises
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Finance & Private Sector Development