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Previous literature widely assumes that taxes are optimized in local public finance while expenditures adjust residually. This paper endogenizes the choice of the optimization variable. In particular, it analyzes how federal policy toward local governments influences the way local governments...
Persistent link: https://www.econbiz.de/10012770444
This paper analyzes whether changes in the timing of equalizing transfers to state governments necessitate an adjustment in federal corrective policy. According to the existing literature (assuming an ex-ante choice of transfers), the corrective grant is equal to the marginal damage/benefit...
Persistent link: https://www.econbiz.de/10012779700
This paper investigates how different damage rules in patent infringement cases shape competition when intellectual property rights are probabilistic. I develop a simple model of oligopolistic competition to compare two main liability doctrines that have been used in the US to assess...
Persistent link: https://www.econbiz.de/10013317488
corruption-free or plagued by corruption. Contingent on the nature of adjudicatory bias, bribery either discourages private … antitrust lawsuits or incentivizes firms to engage in frivolous litigation. Corruption expectedly reduces the effectiveness of … can be social welfare-enhancing even in the presence of corruption. Under some circumstances, corruption actually …
Persistent link: https://www.econbiz.de/10013009886
Persistent link: https://www.econbiz.de/10013010473
How to fight petty day-to-day corruption is a question often debated by politicians, by the public and in the economic … literature. Early studies have noted that a simple and well-known way to fight day-to-day corruption is to create competition … in a way that eliminates corruption. This is due to a tradeoff between corruption and compliance costs. More …
Persistent link: https://www.econbiz.de/10012999776
bureaucrats. It is shown that the existence of tax evasion does not affect corruption activities at the firm level, while the … budgetary repercussions of tax evasion induce less corruption. Policy measures which alter the gains or losses from corruption …
Persistent link: https://www.econbiz.de/10012780466
This paper investigates the relationship between electoral incentives, institutions and corruption. We assume that …
Persistent link: https://www.econbiz.de/10012771407
contrary, under corruption, we show that bailouts are ineffective unless rent-seeking groups are eradicated …
Persistent link: https://www.econbiz.de/10013121867
This paper presents an analysis of the effect of bureaucratic corruption on economic growth through a public finance …. Corruption takes the form of the embezzlement of public funds, the effect of which is to increase the government's reliance on …
Persistent link: https://www.econbiz.de/10013316495