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Rent Seeking/Corruption And Growth: A Simple Model
Angeletos, George-Marios; Kollintzas, Tryphon - C.E.P.R. Discussion Papers - 2000
The goal of this paper is to propose a simple paradigm for understanding rent seeking and corruption in the growth … economy is shown to fall into a trap of high rent seeking/corruption and low growth. Agents' perceptions about the external … rent seeking/corruption. Finally, our paradigm yields insights into the relationship of R&D, politicoeconomic equilibrium …
Persistent link: https://www.econbiz.de/10005114275
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A Theory of Rent Seeking with Informational Foundations
Lagerlöf, Johan N. M. - C.E.P.R. Discussion Papers - 2006
I develop a model of rent seeking with informational foundations and an arbitrary number of rent seekers, and I compare the results with Tullock's (1980) classic model where the influence activities are "black-boxed." Given the microfoundations, the welfare consequences of rent seeking can be...
Persistent link: https://www.econbiz.de/10005788985
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Industrial and Trade Policies for the Emerging Market Economies
Audretsch, David B - C.E.P.R. Discussion Papers - 1994
The purpose of this paper is to suggest how institutions can be created and modified to devise and implement industrial policy in the emerging market economies. Two main issues confronting industrial policy institutions are how to avoid regulatory capture, that is, having those policy-makers...
Persistent link: https://www.econbiz.de/10005791806
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On the Desirability of an Efficiency Defense in Merger Control
Heidhues, Paul; Lagerlöf, Johan N. M. - C.E.P.R. Discussion Papers - 2003
We develop a model in which two firms that have proposed to merge are privately informed about merger-specific efficiencies. This enables the firms to influence the merger control procedure by strategically revealing their information to an antitrust authority. Although the information improves...
Persistent link: https://www.econbiz.de/10005067524
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Does Finance Benefit Society?
Zingales, Luigi - C.E.P.R. Discussion Papers - 2015
Academics' view of the benefits of finance vastly exceeds societal perception. This dissonance is at least partly explained by an under-appreciation by academia of how, without proper rules, finance can easily degenerate into a rent-seeking activity. I outline what finance academics can do, from...
Persistent link: https://www.econbiz.de/10011145481
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Public Procurement and Rent-Seeking: The Case of Paraguay
Auriol, Emmanuelle; Flochel, Thomas; Straub, Stéphane - C.E.P.R. Discussion Papers - 2011
predictions along two main dimensions. First, corruption is more frequent in sectors where public institutions are large buyers …
Persistent link: https://www.econbiz.de/10008865969
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The Political Resource Curse
Brollo, Fernanda; Nannicini, Tommaso; Perotti, Roberto; … - C.E.P.R. Discussion Papers - 2010
The paper studies the effect of additional government revenues on political corruption and on the quality of … implications of the theory and identify the causal effect of larger federal transfers on political corruption and the observed … transfers increase political corruption and reduce the quality of candidates for mayor. …
Persistent link: https://www.econbiz.de/10008468543
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Unequal Societies
Bénabou, Roland - C.E.P.R. Discussion Papers - 1996
This paper seeks to explain the significant variations in the social contract observed across nations. It shows how countries with similar technologies and preferences, as well as equally democratic political systems, can sustain very different average and marginal tax rates. Similarly, it...
Persistent link: https://www.econbiz.de/10005792191
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Tax And Education Policy In A Heterogeneous Agent Economy: What Levels Of Redistribution Maximize Growth And Efficiency?
Bénabou, Roland - C.E.P.R. Discussion Papers - 2000
This paper studies the effects of progressive income taxes and education finance in a dynamic heterogeneous agent economy. Such redistributive policies entail distortions to labour supply and savings, but also serve as partial substitutes for missing credit and insurance markets. The resulting...
Persistent link: https://www.econbiz.de/10005124288
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Political Connections and Preferential Access to Finance: The Role of Campaign Contributions
Claessens, Stijn; Feijen, Erik; Laeven, Luc - C.E.P.R. Discussion Papers - 2007
Using novel indicators of political connections constructed from campaign contribution data, we show that Brazilian firms that provided contributions to (elected) federal deputies experienced higher stock returns than firms that don’t around the 1998 and 2002 elections. This suggests...
Persistent link: https://www.econbiz.de/10005666705