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 budge...
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| Formaat: | Tijdschrift |
| Taal: | English |
| Gepubliceerd in: |
Washington, D.C. :
International Monetary Fund,
2012.
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| Reeks: | IMF Working Papers; Working Paper ;
No. 2012/204 |
| Online toegang: | Full text available on IMF |