Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/55215
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dc.contributor.authorLarrauri, Iván M. Lucichen_US
dc.date.accessioned2012-02-08en_US
dc.date.accessioned2012-02-10T10:53:22Z-
dc.date.available2012-02-10T10:53:22Z-
dc.date.issued2012en_US
dc.identifier.urihttp://hdl.handle.net/10419/55215-
dc.description.abstractUsing 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.en_US
dc.language.isoengen_US
dc.publisher|aUFZ |cLeipzigen_US
dc.relation.ispartofseries|aUFZ-Diskussionspapiere |x02/2012en_US
dc.subject.ddc330en_US
dc.subject.stwWasserwirtschaften_US
dc.subject.stwInvestitionspolitiken_US
dc.subject.stwPrinzipal-Agent-Theorieen_US
dc.subject.stwLeistungsentgelten_US
dc.subject.stwAnreizvertragen_US
dc.subject.stwBetriebliche Investitionspolitiken_US
dc.subject.stwPeruen_US
dc.titleIncentive scheme based on investment plan compliance for public water utilities in Peruen_US
dc.typeWorking Paperen_US
dc.identifier.ppn684930951en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
dc.identifier.repecRePEc:zbw:ufzdps:022012-

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