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Political Connections and Firm Value: Evidence from the Regression Discontinuity Design of Close Gubernatorial Elections
Do, Quoc-Anh; Lee, Yen-Teik; Nguyen, Bang Dang - C.E.P.R. Discussion Papers - 2015
Using the regression discontinuity design of close gubernatorial elections in the U.S., we identify a significant and positive impact of the social networks of corporate directors and politicians on firm value. Firms connected to elected governors increase their value by 3.89%. Political...
Persistent link: https://www.econbiz.de/10011249372
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Corruption And Competition In Public Market Auctions
Compte, Olivier; Lambert-Mogiliansky, Ariane; Verdier, … - C.E.P.R. Discussion Papers - 2000
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
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Leniency and Whistleblowers in Antitrust
Spagnolo, Giancarlo - C.E.P.R. Discussion Papers - 2006
fraud, or corruption - that share with cartels the crucial features that well designed leniency and whistleblower programs …
Persistent link: https://www.econbiz.de/10005662235
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The Size and Scope of Government: Comparative Politics With Rational Politicians
Persson, Torsten; Tabellini, Guido - C.E.P.R. Discussion Papers - 1999
We try to demonstrate how economists may engage in research on comparative politics, relating the size and composition of government spending to the political system. A Downsian model of electoral competition and forward-looking voting indicates that majoritarian---as opposed to...
Persistent link: https://www.econbiz.de/10005662287
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Corruption and Openness
Neeman, Zvika; Paserman, M. Daniele; Simhon, Avi - C.E.P.R. Discussion Papers - 2003
We consider a neoclassical growth model with endogenous corruption. Corruption and wealth, which are co-determined in … corruption, and if indeed as suggested by a number of empirical studies corruption hampers growth, then how did rich countries … relatively closed economies of the 19th century, the gains from corruption remained inside the country and became part of the …
Persistent link: https://www.econbiz.de/10005666630
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The Simple Economics of Extortion: Evidence from Trucking in Aceh
Barron, Patrick; Olken, Benjamin - C.E.P.R. Discussion Papers - 2007
when designing anti-corruption policy. …
Persistent link: https://www.econbiz.de/10005666723
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Tariff Evasion and Customs Corruption: Does PSI Help?
Anson, José; Cadot, Olivier; Olarreaga, Marcelo - C.E.P.R. Discussion Papers - 2003
This Paper provides a new approach to the evaluation of pre-shipment inspection (PSI) programs as ways of improving tariff-revenue collection and reducing fraud when customs administrations are corrupt. We build a model highlighting the contribution of surveillance firms to the generation of...
Persistent link: https://www.econbiz.de/10005667042
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Tax Rates and Tax Evasion: Evidence from 'Missing Imports' in China
Fisman, Raymond; Wei, Shang-Jin - C.E.P.R. Discussion Papers - 2001
Tax evasion, by its very nature, is difficult to observe. In this Paper, we present a case study of tax evasion in China. The novel feature of our approach is that at a very disaggregated level of individual products, we can measure evasion relatively precisely, by comparing the values that...
Persistent link: https://www.econbiz.de/10005667095
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Trust and Bribery: The Role of the Quid Pro Quo and the Link With Crime
Hunt, Jennifer - C.E.P.R. Discussion Papers - 2004
bribe, which reduces corruption. Appropriate networks are more easily established in small towns, by long-term residents of … battle against corruption faced by policy-makers in rapidly urbanizing countries with high fertility. I show that victims of …
Persistent link: https://www.econbiz.de/10005667098
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Explaining Leakage of Public Funds
Reinikka, Ritva; Svensson, Jakob - C.E.P.R. Discussion Papers - 2002
Using panel data from an unique survey of public primary schools in Uganda we assess the degree of leakage of public funds in education. The survey data reveal that on average, during the period 1991-95, schools received only 13% of what the central government contributed to the schools’...
Persistent link: https://www.econbiz.de/10005788883