The paper revises the idea of stakeholder responsibility, citing a current case of environmental pollution in New Delhi, India. It argues that given the considerable differences among various groups of passive or active stakeholders, interests disintegrate with the passage of time. The case...

This paper models fiscal effects of foreign aid in a federal system of governance. Our main innovation is to incorporate the inter-governmental fiscal link in examining economic fungibility of foreign aid. The model is applied to the expenditure decisions of the central government of India. The...