Found 303 article(s) in category 'Innovation'

Political Economy of Panchayats in South India

Political Economy of Panchayats in South India. Rohini Pande, February 24, 2007, Paper. “Based on a study of some 500 villages in the four southern Indian states of Andhra Pradesh, Karnataka, Kerala and Tamil Nadu, this paper examines how the functioning of the panchayat system mandated by the 73rd amendment to the Constitution has had an impact on the economic status of villages and the households within them. The study finds that gram panchayats, created by this massive experiment in democratic decentralisation, have had an effect on the delivery of public services, for example…” Link

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Preparing to Capture Carbon

Preparing to Capture Carbon. Daniel Schrag, February 9, 2007, Paper. “Carbon sequestration from large sources of fossil fuel combustion, particularly coal, is an essential component of any serious plan to avoid catastrophic impacts of human-induced climate change. Scientific and economic challenges still exist, but none are serious enough to suggest that carbon capture and storage will not work at the scale required to offset trillions of tons of carbon dioxide emissions over the next century. The challenge is whether the technology will be ready when society decides that it is time to get going…” Link

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Coordinating Development: Can Income-based Incentive Schemes Eliminate Pareto Inferior Equilibria?

Coordinating Development: Can Income-based Incentive Schemes Eliminate Pareto Inferior Equilibria? Rohini Pande, January 2007, Paper, “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.” Link

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