Daou, Marie; Marciano, Alain - In: Journal of institutional economics 19 (2023) 6, pp. 956-960
In her 'Markets, repugnance, and externalities' (2022), Kimberly Krawiec notes that the so-called corruption theorists …'s interpretation of repugnance in terms of externalities. We claim that an analysis of repugnance based on externalities requires a … characterization of what an externality is, which is rarely done. We show that economists use two opposed definitions of externalities …
