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This Paper studies the consequences of price discrimination in a market for experts’ services. In the case of experts markets, where the expert observes the intervention that a consumer needs to fix his problem and also provides a treatment, price discrimination proceeds along the dimension of...
Persistent link: https://www.econbiz.de/10005504480
democracies. The incumbent can prevent credible challengers from running, organize vote fraud, or even physically eliminate the …
Persistent link: https://www.econbiz.de/10011084133
yielding equilibria exhibiting various degrees of inefficiencies and fraud. The variety of results has fostered the impression …
Persistent link: https://www.econbiz.de/10005791194
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
We use variation in oil output among Brazilian municipalities to investigate the effects of resource windfalls. We find muted effects of oil through market channels: offshore oil has no effect on municipal non-oil GDP or its composition, while onshore oil has only modest effects on non-oil GDP...
Persistent link: https://www.econbiz.de/10008509470
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
. We show that corruption opportunities are lower under centralization at each period of time. However, centralization … makes more difficult for citizens to detect corrupt incumbents. Thus, corruption is easier under centralization for low …
Persistent link: https://www.econbiz.de/10008468714
politician corruption that we conducted in North India is remarkably consistent with our theoretical predictions. …
Persistent link: https://www.econbiz.de/10005123795
We study the emergence and interaction of red tape and corruption in a principal-bureaucrat-agent hierarchy. The … the social optimum if the bureaucrat in charge of red tape is corrupt. We consider two types of corruption. First, the … bribes to conceal the information produced through red tape. The former kind of corruption tends to reduce red tape, while …
Persistent link: https://www.econbiz.de/10005123811
enforcement of property rights influences the ex-post distribution of rents, there is room for corruption. We characterize the …) rents to government employees; ii) corruption; and iii) misallocation of talent. Therefore, these observations are not by … corruption and the misallocation of talent, and increase investment. It will also often be the case that bureaucracies will …
Persistent link: https://www.econbiz.de/10005124188