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and decreasing in officials' corruption. In contrast to the "tollbooth view" of regulation, the standard chosen by a self …-interested government is a non-monotonic function of officials' corruption, and can be either lower or higher than that chosen by a …-capita income, and negatively with corruption, consistently with the model's predictions for benevolent governments …
Persistent link: https://www.econbiz.de/10005504469
proposal to legalize paying bribes while increasing fines on accepting bribes. We explore performance as regards corruption … enforcement agencies, and discuss the relevance for fighting other forms of corruption. …
Persistent link: https://www.econbiz.de/10011083969
This paper investigates the effect of corruption on competition in government procurement auctions. Our assumption is … corruption is to facilitate collusion in price between firms. This can result in high public spending and inefficient allocation … which unilateral anti-corruption controls may restore price competition. …
Persistent link: https://www.econbiz.de/10005662229
We study the emergence and interaction of red tape and corruption in a principal-bureaucrat-agent hierarchy. The … the social optimum if the bureaucrat in charge of red tape is corrupt. We consider two types of corruption. First, the … bribes to conceal the information produced through red tape. The former kind of corruption tends to reduce red tape, while …
Persistent link: https://www.econbiz.de/10005123811
enforcers - on sequential, bilateral, illegal transactions such as corruption, manager-auditor collusion, or drug deals. It is …
Persistent link: https://www.econbiz.de/10005124229
available theoretical explanations of causal relationships between globalization and governance. Microeconomic theory helps us …’s corruption levels. Examining a large sample of countries covering a 20-year long period, we found robust empirical support for … the fact that increases in import openness do indeed cause reductions in corruption, a crucial aspect of governance. The …
Persistent link: https://www.econbiz.de/10005114501
We analyze optimal policy design when firms' research activity may lead to socially harmful innovations. Public intervention, affecting the expected profitability of innovation, may both thwart the incentives to undertake research (average deterrence) and guide the use to which innovation is put...
Persistent link: https://www.econbiz.de/10005000438
When a customer can borrow from several competing banks, multiple lending raises default risk. If creditor rights are poorly protected, this contractual externality can generate novel equilibria with strategic default and rationing, in addition to equilibria with excessive lending or...
Persistent link: https://www.econbiz.de/10005792414
This paper presents results from a laboratory experiment on the channels through which different law enforcement … to several other crimes sharing cartels' strategic features, including corruption and financial fraud. …
Persistent link: https://www.econbiz.de/10011084601
by inefficiencies and corruption. We examine this hypothesis by exploiting an unusual policy experiment: A newspaper …
Persistent link: https://www.econbiz.de/10005504593