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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
This paper investigates the effect of corruption on competition in government procurement auctions. Our assumption is … corruption is to facilitate collusion in price between firms. This can result in high public spending and inefficient allocation … which unilateral anti-corruption controls may restore price competition. …
Persistent link: https://www.econbiz.de/10005662229
when designing anti-corruption policy. …
Persistent link: https://www.econbiz.de/10005666723
Using panel data from an unique survey of public primary schools in Uganda we assess the degree of leakage of public funds in education. The survey data reveal that on average, during the period 1991-95, schools received only 13% of what the central government contributed to the schools’...
Persistent link: https://www.econbiz.de/10005788883
Accurate citizen perceptions of corruption are crucial for the political process to effectively restrain corrupt … corruption in a road-building project in their village with a more objective measure of `missing expenditures' in the project. I … between corruption in a particular road project and general corruption in the village. The magnitude of their information …
Persistent link: https://www.econbiz.de/10005791360
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
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
enforcers - on sequential, bilateral, illegal transactions such as corruption, manager-auditor collusion, or drug deals. It is …
Persistent link: https://www.econbiz.de/10005124229
losses created by corruption. For each level of externalities, we find that high and low levels of corruption create … qualitatively different distortions, which in turn changes the nature and reach of optimal policies. Under low levels of corruption … the first best allocation. When externalities and corruption are above a threshold, only a second best allocation can be …
Persistent link: https://www.econbiz.de/10005032856