Market Institutions, Governance, and Development

Paperback | June 15, 2008

byDilip Mookherjee

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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 thesecond part the author analyses problems in governance in the context of tax evasion, bureaucratic corruption, fiscal decentralization, and delivery of public services.

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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 accountabil...

Dilip Mookherjee is a Professor of Economics at the Institute for Economic Development, Boston University

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Format:PaperbackDimensions:384 pages, 8.86 × 5.91 × 0.87 inPublished:June 15, 2008Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0195698193

ISBN - 13:9780195698190

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Table of Contents

1. IntroductionA. Markets, Property Rights, and Development: Information and Coordination Failures2. A Competitive Wage Model with Keynesian Features3. Competition and Incentives with Non-exclusive ContractsInequality in Land and Human Capital4. International Rents and Property Rights in Land5. Contractual Structure and Wealth Accumulation6. Persistent Inequality; Marketing and Reputation7. Inequality, Control Rights, and Rent-seeking-Sugar Cooperatives in Maharashtra8. Productivity, Contracting Modes, and DevelopmentB. Governance and Development: Tax Evasion and Corruption9. Optimal Auditing, Insurance, and Redistribution10. Corruptible Law Enforcers-How Should they be Compensated?11. Tax Administration Reform and Taxpayer Compliance in IndiaDecentralization12. Capture and Governance at Local and National Levels13. Decentralizing Anti-poverty Programme Delivery in Developing Countries14. Decentralization in West Bengal: Origins, Functioning, and Impact.