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Full Description
This collection of essays exemplifies the recent trend in micro-development economics, where the source of underdevelopment problems is related to deficiencies in underlying institutions and distribution of assets: contract enforcement mechanisms, information systems, inequality of land and education, and limited government accountability.
The first part of the volume is devoted to market failures and under-development, including issues such as Keynesian effective demand problems, credit market imperfections, inequality in land and human capital, contractual distortions in tenancy, and marketing and performance incentives. In the second part the author analyses problems in governance in the context of tax evasion, bureaucratic corruption, fiscal decentralization, and delivery of public services.
Contents
Chapter 1. Introduction; A. MARKETS, PROPERTY RIGHTS, AND DEVELOPMENT: Information and Coordination Failures; Chapter 2. A Competitive Wage Model with Keynesian Features, Chapter 3. Competition and Incentives with Non-exclusive Contracts; Inequality in Land and Human Capital: Chapter 4. International Rents and Property Rights in Land, Chapter 5. Contractual Structure and Wealth Accumulation, Chapter 6. Persistent Inequality; Marketing and Reputation: Chapter 7. Inequality, Control Rights, and Rent-seeking-Sugar Cooperatives in Maharashtra, Chapter 8. Productivity, Contracting Modes, and Development. B. GOVERNANCE AND DEVELOPMENT: Tax Evasion and Corruption: Chapter 9. Optimal Auditing, Insurance, and Redistribution, Chapter 10. Corruptible Law Enforcers-How Should they be Compensated?, Chapter 11. Tax Administration Reform and Taxpayer Compliance in India; Decentralization: Chapter 12. Capture and Governance at Local and National Levels, Chapter 13. Decentralizing Anti-poverty Programme Delivery in Developing Countries, Chapter 14. Decentralization in West Bengal: Origins, Functioning, and Impact.
