"This paper presents a case study of willingness-to-pay (WTP) estimation using random valuation models. A contingent valuation survey was conducted in Yerevan, Armenia to estimate people's WTP for the protection of Lake Sevan. Three elicitation formats - open-ended, closed-ended, and the...

As decentralization is a cross-cutting concept, there are many ways to measure it. This short note aims to unpack the concepts of decentralization by conducting a global literature review. It starts with a review of the traditional ways of approaching decentralization and the history of its...

In 2002, following an elaborate privatization exercise, Tata Power Delhi Distribution Limited (Tata Power DDL) took over electricity service delivery in parts of New Delhi, India's capital city. To cut losses by 35 percent over the coming five years and overcome several other challenges...

"The authors interviewed commuters in Delhi, India, asking them to report their willingness to pay (WTP) to reduce their risk of dying in road traffic accidents in each of three scenarios that mirror the circumstances under which the majority of the road fatalities in Delhi occur. The WTP...