Showing 1 - 10 of 87
The paper considers the response of a small, open dependent economy to a variety of fiscal and financial shocks. It also examines the influence of alternative budget-balancing rules on the response of the economy to external shocks, such as a change in the world interest rate. The approach...
Persistent link: https://www.econbiz.de/10005498001
The current control system for public expenditure in the United Kingdom dates from the Plowden Report in 1961 and was developed for a public utilities model. This paper presents detailed evidence on changes in the composition of public expenditure. A new control system is proposed that is better...
Persistent link: https://www.econbiz.de/10005281370
This Paper delivers a precise recommendation for how presidential candidates should allocate their resources to maximize the probability of gaining a majority in the Electoral College. A two-candidate, probabilistic-voting model reveals that more resources should be devoted to states which are...
Persistent link: https://www.econbiz.de/10005792233
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
the underlying offense with a criminal sanction for corruption, both imposed on offenders. A higher criminal sanction for … the underlying offense implies that the government must spend more resources to detect and punish corruption (since the … sanction for corruption (in order to offset the negative effect on deterrence). …
Persistent link: https://www.econbiz.de/10005124218
This Paper uses an unique data set on corruption containing quantitative information on estimated bribe payments of … that variation in policies/regulations (across industries) explain the incidence of corruption, while variation in …
Persistent link: https://www.econbiz.de/10005124226
enforcers - on sequential, bilateral, illegal transactions such as corruption, manager-auditor collusion, or drug deals. It is …
Persistent link: https://www.econbiz.de/10005124229
We provide a theoretical framework for understanding when an official angles for a bribe, when a client pays, and the payoffs to the client's decision. We test this framework using a new data set on bribery of Peruvian public officials by households. The theory predicts that bribery is more...
Persistent link: https://www.econbiz.de/10005114227