Institutional Incentives And Sustainable Development
Integrating recent research in the fields of public administration, public finance, institutional economics, and policy analysis, this book shows how institutional arrangements and the incentives they generate can help or hinder development efforts. The authors present a method for systematically comparing alternative institutional arrangements for the development of rural infrastructure. Their analysis reveals the special strengths and weaknesses of polycentric as compared to centralized or...
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"Integrating recent research in the fields of public administration, public finance, institutional economics, and policy analysis, this book shows how institutional arrangements and the incentives they"
List of IllustrationsPrefaceAcknowledgmentsIntroduction1The Role of Infrastructure in Development1Postwar Development Initiatives2An Institutional Approach to Explaining Development Outcomes8The Importance of Physical Infrastructure10What Do We Mean by Infrastructure Sustainability?13An Overview of Our Approach182The Problem of Sustainable Infrastructure25Infrastructure Maintenance and Its Finance25Phases of Infrastructure Development29Factors Influencing Maintenance Decisions of a Single Owner-User of Private Capital343Individuals, Incentives, and Transaction Costs43Assumptions About the Individual44Problems of Contractual Uncertainty and Transaction Costs46Information Asymmetries as Sources of Contractual Uncertainty49Kinship Networks as Counteracting Institutions62Nepotism and Corruption654Provision and Production of Rural Infrastructure73Distinction Between Provision and Production74Attributes of Rural Infrastructure Primarily Affecting Provision76Attributes of Rural Infrastructure Primarily Affecting Production975Evaluating Institutional Performance111Overall Performance Criteria112Intermediate Performance Criteria1186Analyzing Institutional Arrangements127Institutional Arrangements for Private Infrastructure Development128Institutional Arrangements for Public Infrastructure Development1347Centralized Institutional Arrangements141Centralized Infrastructure Development142The Problem of Truncated Analyses154The Role of Donor Agencies1568Decentralized Institutional Arrangements163Decentralization Efforts164Does Administrative Decentralization Improve the Performance of Centralized National Governments?1689Polycentric Institutional Arrangements177The Concept of Polycentricity178The Possibility of Polycentricity in Developing Countries184Some Common Concerns About Polycentric Arrangements192Privatization as a Form of Decentralization20610Implications of an Institutional Approach to Sustainable Development213The Proposed Analytical Approach215General Policy Implications of Our Approach218Immediate Policy Implication of Our Approach223References235About the Book and Authors256Index257
