IPD AIIt seriously misstates a number of our criticisms, responds inadequately to others, and fails altogether to mention still more. Although we would like to be able to accept the global estimates of severe income poverty the Bank has produced, we continue to find that they do not stand up to serious scrutiny, and regretfully hold to our recommendation that they cease to be used. We respond to Ravallion’s comments paragraph by paragraph below, referring to them according to their order of appearance, and italicizing quotations from Ravallion for ease of recognition.
Joseph Stiglitz
Patrick Rey
Principal-agent models take outside options, determining participation and incentive constraints, as given.
- 07/24/2024
- Working Paper
Martin Guzman
José Antonio Ocampo