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Firms often try to influence individuals that, like regulators, are tasked with advising or deciding on behalf of a third party. In a dynamic regulatory setting, we show that a firm may prefer to capture regulators through the promise of a lucrative future job opportunity (i.e., the...
Persistent link: https://www.econbiz.de/10012491609
Using data on a panel of 56 democratic countries in the period 1975-2004, we find evidence of a negative association between political stability and economic growth which is stronger and empirically more robust in countries with high bureaucratic costs. Motivated by these results, which contrast...
Persistent link: https://www.econbiz.de/10003808628
corruption where the judicial system is independent, this relationship has more ambiguous effects where the legal system is weak … and susceptible to politicization. These effects remain after controlling for standard determinants of corruption. …
Persistent link: https://www.econbiz.de/10010199710
in US states may indeed reduce corruption levels among elected representatives. -- bicameralism ; corruption ; lobbying …
Persistent link: https://www.econbiz.de/10003850512
How can the West's economic and political polarization be explained? We argue that persuasive lobbying at various …-term lobbying infrastructure investments in a simpli_ed tax-and-spend model, the deviations between majority desires and implemented …
Persistent link: https://www.econbiz.de/10012649786
Adding to the literature on factors driving corruption and bribery, this paper examines the effect of contestability in …
Persistent link: https://www.econbiz.de/10011822610
We analyze the consequences of activism in a regulated industry where the regulator has been captured by the industry. Unlike ordinary economic agents, activists are insensitive to monetary incentives. Moreover, they are less well informed than regulators and their actions generate dead-weight...
Persistent link: https://www.econbiz.de/10010199716
entry re-regulation context. In contrast to other entry deterrence models, we are able to investigate how product market …
Persistent link: https://www.econbiz.de/10011539115
Persistent link: https://www.econbiz.de/10003498759
This study shows that the relative size of the youth bulge matters for how corruption affects the internal stability of … a political system. We argue that corruption cannot buy political stability (e.g., the greasing hypothesis) in countries … find a negative interaction effect between the relative size of the youth population and corruption on internal political …
Persistent link: https://www.econbiz.de/10011474632