Donor competition for aid impact, and aid fragmentation /
This paper shows that donors that maximize relative aid impact spread their budgets across many recipient countries in a unique Nash equilibrium, explaining aid fragmentation. This equilibrium may be inefficient even without fixed costs, and the inefficiency increases in the equality of donors'...
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Full text (MCPHS users only) |
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| Main Authors: | , |
| Corporate Author: | |
| Format: | Electronic eBook |
| Language: | English |
| Published: |
[Washington, D.C.] :
International Monetary Fund,
2012
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| Series: | IMF working paper ;
WP/12/204. |
| Subjects: | |
| Local Note: | ProQuest Ebook Central |
