Marjit, Sugata; Mukherjee, Vivekananda - Volkswirtschaftliche Fakultät, … - 2014
The paper revisits the relationship been reform and corruption. We consider a scenario where less efficient domestic … maximize their pay-offs from both. We show that in this set up we may have an equilibrium where drastic reform will be …. Interestingly this also exhibits the case where consumers’ welfare increases with reform, although local producers suffer. In …