Showing 1 - 10 of 47,800
Persistent link: https://www.econbiz.de/10003230013
Prominent analysts have argued that the Russian reform process has gone badly because Russian attitudes towards the market mechanism fundamentally differ from those in the West. Others strenuously dispute this. We combine surveys and a classroom double auction experiment to investigate Russian...
Persistent link: https://www.econbiz.de/10014061987
Persistent link: https://www.econbiz.de/10011551573
The Eroding Trust in Capitalism and its Consequences for Law: On both sides of the Atlantic, legislators consider a cap on manager income. As a redistributive intervention, the cap would be misplaced. It affects such a small number of persons that the effect on the Gini coefficient would be...
Persistent link: https://www.econbiz.de/10003905814
confirms the previously established result that trust has a negative effect on demand for regulation. Perceived corruption … policy design, the question of whether this trade-off appears in the calculus of citizens' demands for government regulation … participants, and concerns for government failure, as proxied by perceptions of corruption, jointly affect individuals' demand for …
Persistent link: https://www.econbiz.de/10013124821
This study shows that the level of trust matters for how corruption affects public policy outcomes in the long run, in … strength of industry and environmental lobby groups, and therefore the effects of corruption. We construct a unique index … measuring the reflection of corruption in each state using Associated Press (AP) state news wires. We estimate the long …
Persistent link: https://www.econbiz.de/10014152410
This paper argues that corruption in Russia is systemic in nature. Low wage levels of public officials provide strong … within Russia, survey the literature on the causes, consequences, and cures of corruption in Russia, and discuss entry points … incentives to engage in corruption. As corruption is illegal, corrupt officials can be exposed any time, which enforces loyalty …
Persistent link: https://www.econbiz.de/10011789215
Market economy models differ in the degree of the power of the government vis-à-vis the market in the economy. Under the classifications set forth by Glaeser and Shleifer (2002, 2003), and Djankov et al. (2003), these market models range from those emphasizing low government intervention in the...
Persistent link: https://www.econbiz.de/10013155517
The Chinese economy has undergone three major phases: the 1978-97 period marked as the SOE-led economy, the 1998-2015 phase as the investment-driven economy, and the new normal economy since 2016. All three economies have been shaped by the government financial policies, defined as a set of...
Persistent link: https://www.econbiz.de/10011928237
Persistent link: https://www.econbiz.de/10011953703