Broken Promises: How Political Incentives Undermine Power Sector Reforms in Developing Nations
The paper explores why some countries like India struggle to turn promises of economic reform in the power sector into action. It suggests that political will is often lacking because people and institutions respond to their own interests. By studying the incentives and relationships at play, the researchers find that the behavior of decision-makers is driven by rational self-interest. They highlight that understanding these dynamics is crucial for reform efforts to succeed.