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Resource Rents, Democracy and Corruption: Evidence from Sub-Saharan Africa
Arezki, Rabah; Gylfason, Thorvaldur - CESifo - 2011
We examine the effect of the interaction between resource rents and democracy on corruption for a panel of 29 Sub …-Saharan countries during the period from 1985 to 2007. We find that higher resource rents lead to more corruption and that the effect is … suggest that the mechanisms through which resource rents affect corruption cannot be separated from political systems. …
Persistent link: https://www.econbiz.de/10009294093
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The Political Economy of Corruption and the Role of Financial Institutions
Boerner, Kira; Hainz, Christa - CESifo - 2004
In transition and developing countries, we observe rather high levels of corruption even if they have democratic … high corruption levels. Our model is based on the fact that corrupt offcials have to pay an entry fee to get lucrative … positions. In a probabilistic voting model, we show that a lack of financial institutions can lead to more corruption as more …
Persistent link: https://www.econbiz.de/10005181428
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Black Sheep or Scapegoats? Implementable Monitoring Policies under Unobservable Levels of Misbehavior
Buechel, Berno; Mühlheusser, Gerd - CESifo - 2014
An authority delegates a monitoring task to an agent. It can only observe the number of detected offenders, but neither the monitoring intensity chosen by the agent nor the resulting level of misbehavior. We provide a necessary and sufficient condition for the implementability of monitoring...
Persistent link: https://www.econbiz.de/10010752436
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Did the Japanese Patient Follow the Doctor's Orders? Mostly no! A Public Choice Analysis of Greenhouse Gas Emissions Trading Schemes in Japan before and after the Earthquake
Rudolph, Sven; Schneider, Friedrich - CESifo - 2011
The Great Tôhoku-Earthquake and the following nuclear meltdown in Fukushima called the world’s attention to Japans’ energy and climate policy. Japan is one of the biggest emitters of greenhouses gases in the world and still far away from reaching its Kyoto target. Emissions trading systems...
Persistent link: https://www.econbiz.de/10009364314
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Why does Environmental Policy in Representative Democracies Tend to be Inadequate? A Preliminary Public Choice Analysis
Kollmann, Andrea; Schneider, Friedrich - CESifo - 2010
There is a widespread consensus among the most important players in developed countries (voters, politicians, producers, traditional and green interest groups and bureaucracies) that a shift towards an eco-social market economy is essential for sustainable growth. Nevertheless, market-based...
Persistent link: https://www.econbiz.de/10008727290
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Political Accountability and Real Authority of Government Bureaucracy
Dodlova, Marina - CESifo - 2013
In a country with weak institutional constraints on the executive, the real power might belong to the government bureaucracy rather than to an autocratic leader. We combine the Aghion-Tirole definition of formal and real authority with the Barro-Ferejohn model of political agency to study the...
Persistent link: https://www.econbiz.de/10010703422
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Electoral Cycles in Savings Bank Lending
Englmaier, Florian; Stowasser, Till - CESifo - 2013
We provide evidence that German savings banks – where local politicians are by law involved in their management – systematically adjust lending policies in response to local electoral cycles. The different timing of county elections across states and the existence of a control group of...
Persistent link: https://www.econbiz.de/10010877845
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A Model of Strategic Delegation in Contests between Groups
Brandauer, Stefan; Englmaier, Florian - CESifo - 2006
We analyze a contest between two groups where group members have differing valuations for the contested rent. Generically the pivotal group member with the median valuation of the rent will not act himself but will want to send a group member that has preferences different to her own into the...
Persistent link: https://www.econbiz.de/10005406314
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Incomplete Property Rights and Overinvestment
Amegashie, J. Atsu - CESifo - 2009
I consider a model in which an asset owner must decide how much to invest in his asset mindful of the fact that an encroacher’s valuation of the asset is increasing in the asset owner’s investment. Due to incomplete property rights, the encroacher and asset owner engage in a contest over the...
Persistent link: https://www.econbiz.de/10005013039
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Auctions vs. Negotiations: The Case of Favoritism
Gretschko, Vitali; Wambach, Achim - CESifo - 2012
We compare two commonly used mechanisms in procurement: auctions and negotiations. The execution of the procurement mechanism is delegated to an agent of the buyer. The agent has private information about the buyer’s preferences and may collude with one of the sellers. We provide a precise...
Persistent link: https://www.econbiz.de/10010599726