When the United Nations agreed at the Johannesburg
Earth Summit on the set of the 8 Millennium Development Goals, Goal 7 was ‘to ensure
environmental sustainability’. This has three targets and a number of indicators. It is
noteworthy that water is so prominent; it is the only environmental media that has a target of its
own as well as being an indicator for the ‘improving slum dwellers’ target. One can debate
whether this priority is justified on social and economic grounds and we intend to do that in this
chapter. However, there is no doubting the importance that national governments and
international financing agencies place on addressing the water problem.
Patrick Rey
Principal-agent models take outside options, determining participation and incentive constraints, as given.
- 07/24/2024
- Working Paper