Collective Goods, Common Agency, and Third-Party Intervention
Article Abstract:
A common agency problem arises when an agent's efforts in contributing to public goods are unobservable, producing a third-best outcome based on free riding, competitive interests, and agency costs. Remedies involve multiple policies, unlike common agency or public good problems occurring separately.
Publication Name: Bulletin of Economic Research
Subject: Economics
ISSN: 0307-3378
Year: 2004
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Fuzzy Targeting Indices and Orderings
Article Abstract:
A membership function is used to identify households as poor or non-poor in the construction of social programs, drawing from fuzzy sets theory. A test of the method's targeting performance is also included.
Publication Name: Bulletin of Economic Research
Subject: Economics
ISSN: 0307-3378
Year: 2004
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Compulsory Schooling Laws and the Cure for Child Labour
Article Abstract:
Enforcement legislation is shown to be a critical factor in mitigating child labor and adverse welfare impacts on households under systems with compulsory schooling laws.
Publication Name: Bulletin of Economic Research
Subject: Economics
ISSN: 0307-3378
Year: 2004
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