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Scholars making economic policy recommendations to resolve corruption problem use several approaches, the most dominant of which are the principal-agent and rent-seeking theories. In this paper, we argue that the principal-agent theory has problems accounting for the environment in which the...
Persistent link: https://www.econbiz.de/10013090395
Scholars making economic policy recommendations to resolve corruption problem use several approaches, the most dominant of which are the principal-agent and rent-seeking theories. In this paper, we argue that the principal-agent theory has problems accounting for the environment in which the...
Persistent link: https://www.econbiz.de/10013091062
We present a model of parallel redistribution system to explain the problem of corruption. Within this model we synthesize both agency theory and rent-seeking. More precisely, we argue that the principal-agent theory has problems accounting for the environment in which the agents offering and...
Persistent link: https://www.econbiz.de/10013113439
Persistent link: https://www.econbiz.de/10010193296
Scholars making economic policy recommendations to resolve the corruption problem use several approaches, the most dominant of which are principal-agent theory and rent-seeking. In this paper, we argue that the principal-agent theory has problems accounting for the environment in which the...
Persistent link: https://www.econbiz.de/10014149243