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Many developing countries have suffered under the personal rule of kleptocrats', who implement highly inefficient economic policies, expropriate the wealth of their citizens, and use the proceeds for their own glorification or consumption. We argue that the success of kleptocrats rests, in part,...
Persistent link: https://www.econbiz.de/10012468558
Many developing countries have suffered under the personal rule of "kleptocrats", who implement highly inefficient economic policies, expropriate the wealth of their citizens, and use the proceeds for their own glorification or consumption. We argue that the success of kleptocrats rests, in...
Persistent link: https://www.econbiz.de/10014074390
Many developing countries have suffered under the personal rule of kleptocrats', who implement highly inefficient economic policies, expropriate the wealth of their citizens, and use the proceeds for their own glorification or consumption. We argue that the success of kleptocrats rests, in part,...
Persistent link: https://www.econbiz.de/10013240570
Persistent link: https://www.econbiz.de/10002118940
Corruption is something of a conundrum to economists. Whilst clearly being economic in its nature and principle … be restricted from intervening in markets, whilst until recently in theory assuming them to be neutral or even … conscientious in their provision of essential services supporting the economy causes obvious problems for judgements on corruption …
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In this paper, firms engage in rent seeking in order to be assigned a governmental contract. We analyze how a change in the contract length affects the firms' rent-seeking behavior. A longer contract leads to more rent seeking at a contract assignment stage, as the firms value the contract...
Persistent link: https://www.econbiz.de/10010365859