transaction difficulties. But, such environments often also feature highly interventionist government, and even corruption …

differences in financial development, contracting costs or regulation. We find cross-country correlations between vertical …

sources of tax or inter-governmental revenues reduce the need for regulation and corruption. The paper estimates a large … reduction in regulation in better funded localities. The findings are directly relevant to Indonesia where corruption is high … key aspects of corruption -- the relationship between bribes, time spent with local officials, and different forms of …

years of state commission regulation. Examples of an adaptive response pattern on the part of regulators, firms and …

For political, jurisdictional and technical reasons, environmental regulation of industrial pollution is often … regulated producers are less polluting than their unregulated ounterparts, emissions under incomplete regulation can exceed the … level of emissions that would have occurred in the absence of regulation. Converseley, when regulated firms are relatively …