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possible to establish robust bounds on equilibrium corruption using only non-verifiable reports. Our analysis suggests a simple …
Persistent link: https://www.econbiz.de/10013050290
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
There are a large number of cases where corruption has been discovered investigating levels of consumption that appear … the principal. We argue that this assumption has to be revised in applications that study corruption. The informativeness … consumption with the aim of reducing corruption, and discuss features of the practical applications. We show that when there is …
Persistent link: https://www.econbiz.de/10012776790
I offer theoretical and empirical observations on the oversight of public sector employees. I argue that it is unreasonable to expect that the solutions typically considered in the literature will be effective with public sector employees, because bureaucrats are especially difficult to monitor....
Persistent link: https://www.econbiz.de/10013243617
tasks that produce unobservable outputs as they seek the salient rewards to observable outputs. Since the theory related to …
Persistent link: https://www.econbiz.de/10013072582
This paper explores the interaction between incentives, information, and organizational design. It argues that the virtues of the market economy do not lie so much in the vision of competition and decentralization embodied in the Arrow-Debreu model, or the Lange-Lerner-Taylor analysis of market...
Persistent link: https://www.econbiz.de/10013215336
In recent years, a new set of models drawing on Vickrey [1969] has been developed to analyze the economics of congestible facilities. These models are structural in that they derive the cost function from consumers' time-of-use decisions and the congestion technology. Standard models, in...
Persistent link: https://www.econbiz.de/10012760029
In this paper we examine the political economy. of capitalization in a Tiebout model when there is a rent-seeking public bureaucracy. A new approach is suggested for testing for the influence of successful local public sector rent-seeking on local property values. We present empirical evidence...
Persistent link: https://www.econbiz.de/10012755837
It has been hypothesized that a jurisdiction's tax structure exerts an independent effect upon the growth of its public sector. We test this hypothesis by examining the relationship between the growth of state general expenditure and the elasticity of tax revenues with respect to income. The...
Persistent link: https://www.econbiz.de/10013309241
This study uses a Cox proportional hazards model to estimate ther elationship between state-level collective bargaining policies and union growth in the public sector. The proportional hazards analysisis performed with data on approximately eight hundred municipal police departments. The timing...
Persistent link: https://www.econbiz.de/10013223902