example of a "delegation-scheme." Conversely, project aid represents a more "centralized" type of aid. According to the theory … ́information is more relevant (centralization). The empirical analysis confirms that the importance of donors ́private information …

example of a “delegation-scheme.” Conversely, project aid represents a more “centralized” type of aid. According to the theory …' information is more relevant (centralization). The empirical analysis confirms that the importance of donors' private information …

example of a delegation-scheme." Conversely, project aid represents a more "centralized" type of aid. According to the theory …' information is more relevant (centralization). The empirical analysis confi rms that the importance of donors' private information …

example of a "delegation-scheme." Conversely, project aid represents a more "centralized" type of aid. According to the theory …' information is more relevant (centralization). The empirical analysis confirms that the importance of donors' private information …

-agent framework, it analyzes two alternative policy-decision schemes - "decentralization" and "centralization" - when "knowledge … explaining variation in the degree of decentralization across countries. Within a two-sided incomplete information principal …" consists of unverifiable information and the quality of communication depends on the conflict of interests between the …