TAILIEUCHUNG - THE VALUE OF IMPROVED PUBLIC SERVICES: AN APPLICATION OF THE CHOICE EXPERIMENT METHOD TO ESTIMATE THE VALUE OF IMPROVED WASTEWATER TREATMENT INFRASTRUCTURE IN INDIA

From our earlier analysis, increasing controlling owners’ equity ownership beyond the minimum level needed for effective control creates incentive alignment effects that curtail entrenchment effects, which in turn increase earnings informativeness. On the other hand, the information argument suggests a negative relation between ownership concentration and earnings informativeness. As the incentive alignment and the information effects could coexist, the relation between ownership concentration and earnings informativeness is ambiguous and needs to be addressed empirically | WORKING PAPER 51 2010 THE VALUE OF IMPROVED PUBLIC SERVICES AN APPLICATION OF THE CHOICE EXPERIMENT METHOD TO ESTIMATE THE VALUE OF IMPROVED WASTEWATER TREATMENT INFRASTRUCTURE IN INDIA Ekin Birol and Sukanya Das MADRAS SCHOOL OF ECONOMICS Gandhi Mandapam Road Chennai 600 025 India May 2010 The Value of Improved Public Services An Application of the Choice Experiment Method to Estimate the Value of Improved Wastewater Treatment Infrastructure in India Ekin Birol International Food Policy Research Institute 2033 K Street NW Washington DC 20006-1002 USA. and Sukanya Das Lecturer Madras School of Economics sukanya@ WORKING PAPER 51 2010 MADRAS SCHOOL OF ECONOMICS Gandhi Mandapam Road Chennai 600 025 May 2010 India Phone 2230 0304 2230 0307 2235 2157 Fax 2235 4847 2235 2155 Email info@ Price Rs. 35 Website .

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