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	Provedor de dados AgEcon (1) Autor Bond, Philip (1) Pande, Rohini (1) Palavra-chave Coordination (1) H23 (1) Implementation (1) Income taxation (1) International Development (1) O21 (1) Public policy (1) Mais... Tipo do documento Working or Discussion Paper (1) Ano 2005 (1) País United States (1) Idioma Inglês (1)		Ordenar por:  Relevância Autor Título Ano Registros recuperados: 1 Primeira ... 1 ... Última Coordinating Development: Can Income-based Incentive Schemes Eliminate Pareto Inferior Equilibria? AgEcon Bond, Philip; Pande, Rohini. Individuals’ inability to coordinate investment may significantly constrain economic development. In this paper we study a simple investment game characterized by multiple equilibria and ask whether an income-based incentive scheme can uniquely implement the high investment outcome. A general property of this game is the presence of a crossover investment point at which an individual’s incomes from investment and non-investment are equal. We show that arbitrarily small errors in the government’s knowledge of this crossover point can prevent unique implementation of the high investment outcome. We conclude that informational requirements are likely to severely limit a government’s ability to use income-based incentive schemes as a coordination device. Tipo: Working or Discussion Paper Palavras-chave: Coordination; Public policy; Income taxation; Implementation; International Development; O21; H23. Ano: 2005 URL: http://purl.umn.edu/28436 Registros recuperados: 1 Primeira ... 1 ... Última

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