Choudhury, Saswati (2009): Information asymmetry and institutions: re-looking at autonomous councils in the hills district of Assam. Published in: SOCIAL CHANGE AND DEVELOPMENT , Vol. VOL.VI, No. NO.1 (July 2011): pp. 159-185.
This is the latest version of this item.
Download (120kB) | Preview
The transaction cost approach can be used as a tool for studying the political institutions which engage in sharing of power and responsibilities. This paper makes an attempt to present an analytical framework of governance structure in the Autonomous Councils in the two hills districts of Karbi Anglong and N.C. Hills in the State of Assam. The first section of the paper gives a brief introduction to the theoretical framework of the transaction cost and information asymmetry and moral hazard problem. In the next section, these concepts are examined in the context of the autonomous councils in the hills district.
|Item Type:||MPRA Paper|
|Original Title:||Information asymmetry and institutions: re-looking at autonomous councils in the hills district of Assam|
|Keywords:||Information Asymmetry, Moral Hazard, principal, agent,|
|Subjects:||B - History of Economic Thought, Methodology, and Heterodox Approaches > B5 - Current Heterodox Approaches > B52 - Institutional ; Evolutionary|
|Depositing User:||Saswati Choudhury|
|Date Deposited:||23 Nov 2011 13:32|
|Last Modified:||16 Oct 2016 06:15|
Aranson, P. Gellhorn, E. and Robinson, G.. 1982. “A Theory of Legislative Delegation,” Cornell Law Review 68, November.
Baker, George, Gibbons, Robert and Murphy, Kevin J., 1994. “Subjective Performance Measures in Optimal Incentive Contracts.” Quarterly Journal of Economics 109,
Baker, George, Gibbons, Robert and Murphy, Kevin J., 1994. “Subjective Performance Measures in Optimal Incentive Contracts.” Quarterly Journal of Economics 109.
Choudhury.S. 2004. “Transaction Cost and Asymmetry of Information-Twin Odds of Indian Commercial Banks in Rural Credit Market”, in Social Change and Development; OKDISCD, Guwahati.
Dixit, Avinish K. 1996. The Making of Economic Policy: A Transaction-Cost Politics Approach, Cambridge: MIT Press. Gary D. Libecap and Steven N. Wiggins, 1985, “The Influence of Private Contractual Failure on Regulation: The Case of Oil Field Unitization,” Journal of Political Economy, 93.
George A. Akerlof & Rachel E. Kranton, 2005. “ Identity and the Economics of Organisation", Journal of Economic Perspective, American Economic Association, Vo. 19 (1).
George Akerlof. 1970. “The Market for Lemons: Quality Uncertainty and the Market Mechanism,” Quarterly Journal of Economics 84.
Granovetter, Mark. 1985. “Economic Action and Social Structure: The Problem of Embedded ness”, The American Journal of Sociology, 91(3).
Hardin, Garrett. 1968. “The Tragedy of the Commons”, Science, Vol. 162, No. 3859, December.
Holmstrom, Bengt and Milgrom, Paul, 1991. “Multi-task Principal-Agent Analyses.” Journal of Law, Economics, and Organization 7 (Sp.)
Kiewiet, D. and McCubbins, M. 1991. The Logic of Delegation: Congressional Parties and the Appropriation Process.Chicago: University of Chicago Press.
Kumaran, K.P. 2003. Evaluation Study on The Pattern Of Flow And Utilisation Of Funds By The Karbi Anglong Autonomous Council In Assam, NIRD, Guwahati.
McCubbin, M. Noll, R. and Weingast, B. 1987. “Administrative Procedures as Instruments of Political Control,” Journal of Law, Economics, and Organization, 3.
McCubbin, M. Noll, R. and Weingast, B. 1989. “Structure and Process, Politics and Policy: Administrative Arrangements and the Political Control of Agencies,” Virginia Law Review, 75.
McCubbins, M. and Schwartz, T. 1984. “Congressional Oversight Overlooked: Police Patrols Versus Fire Alarm,” American Journal of Political Science, 28. February.
Miller, Gary. 1992. Managerial Dilemmas: The Political Economy of Hierarchy. Cambridge; New York: Cambridge University Press.
Montinola, Gabriella. Weingast, Barry and Qian, Yingyi. 1995. “Federalism, Chinese Style,” World Politics, 48. April.
North, Douglass and Weingast, Barry. 1989. “Constitutionalism and Commitment: The Evolution of Institutions Governing Public Choice in 17th Century England,” Journal of Economic History 49, December.
North, Douglass. 1990. Institutions, Institutional Change and Economic Performance. Cambridge: Cambridge University Press. Sarmah. B. 2002. “The Question of Autonomy for the Plain Tribes of Assam”, Social Change and Development; OKDISCD, Guwahati. Spence, Michael (1973). “Job Market Signaling”, Quarterly Journal of Economics, 87 (3).
Stiglitz Joseph E. and Weiss Andrew 1981, Credit Rationing in Markets with Imperfect Information, The American Economic Review, Vol. 71, No.3, June.
Weingast, Barry and Moran, M. 1983. “Bureaucratic Discretion or Congressional Control? Regulatory Policymaking at the Federal Trade Commission,” Journal of Political Economy, 91.
Available Versions of this Item
Information asymmetry and institutions: re-looking at autonomous councils in the hills district of Assam. (deposited 11 May 2011 12:30)
- Information asymmetry and institutions: re-looking at autonomous councils in the hills district of Assam. (deposited 23 Nov 2011 13:32) [Currently Displayed]