Incentive scheme based on investment plan compliance for public water utilities in Peru / Iván M. Lucich Larrauri. Helmholtz-Zentrum für Umweltforschung - UFZ, Department of Economics
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Discovery
684930951
URN
urn:nbn:de:gbv:3:2-78612
DOI
ISBN
ISSN
Autorin / Autor
Beiträger
Körperschaft
Erschienen
Leipzig : Helmholtz-Zentrum für Umweltforschung - UFZ, 2012
Umfang
Online-Ressource (PDF-Datei: 31 S., 0,44 MB) : graph. Darst.
Ausgabevermerk
Sprache
eng
Anmerkungen
Inhaltliche Zusammenfassung
Using the "budget-based scheme" approach developed by Kirby et.al. (1991) and Reichelstein (1992), this paper establishes the optimal policy function in order to control "hidden actions" from managers of Public Water Utilities (PWU) regarding investments that deviate from the Optimized Business Plan (OBP), with the purpose of inducing managers to reduce deviation from the execution of not programmed investments in the OBP and from programmed investments that were not executed. We find a high percentage of investment (47%) that deviates from its OBP. However between 16% and 35% of executed investment that it deviates from its programmation, can be controlled by the PWU manager with a compensation payment schemes.
Schriftenreihe
UFZ-Diskussionspapiere ; 02/2012 ppn:635135833