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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| 格式: | 雜誌 |
| 語言: | English |
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Washington, D.C. :
International Monetary Fund,
2012.
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| 叢編: | IMF Working Papers; Working Paper ;
No. 2012/204 |
| 在線閱讀: | Full text available on IMF |