We design a project funding contract that provides optimal incentives to agents, in a setting where both principal and agent enjoy the benefits of the project in a non-rival form once completed but may differ in their valuation. To do so, we study optimal incentive payments in a dynamic...

Problems related to water access and quality are significant in several countries around the world. Thus water management becomes a key issue, especially in developing countries, where the institutional and regulatory context is not always properly designed. The aim of this research is to...