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. Conditions under which lower-tier corruption arises as an equilibrium characterization of the game are identified. If … bureaucratic corruption sufficiently reduces the tax base, policies that deter corruption may be optimal. When monitoring is … expensive or ineffective, lower-level corruption arises as equilibrium. Tax farming and the sale of offices can occur in these …
Persistent link: https://www.econbiz.de/10014399923
discretion and hence the space for policy errors; (2) human resource policies, capacity building, effective anti-corruption …
Persistent link: https://www.econbiz.de/10012604784
corruption. Weak governance undermines economic performance through various channels, including deficiencies in government … performance by improving governance and reducing corruption. This paper estimates that strengthening governance and mitigating … corruption in the region could be associated with large growth dividends in the long run. While the process would take …
Persistent link: https://www.econbiz.de/10012001456
While anecdotal evidence suggests that interest groups play a key role in shaping immigration policy, there is no systematic empirical analysis of this issue. In this paper, we construct an industry-level dataset for the United States, by combining information on the number of temporary work...
Persistent link: https://www.econbiz.de/10014401673
Why do firms lobby? This paper exploits the unanticipated sequestration of federal budget accounts in March 2013 that reduced the availability of government funds disbursed through procurement contracts to shed light on this question. Following this event, firms with little or no prior exposure...
Persistent link: https://www.econbiz.de/10012103562
We study how lobbying affects the resolution of failed banks, using a sample of FDIC auctions between 2007 and 2014. We show that bidding banks that lobby regulators have a higher probability of winning an auction. In addition, the FDIC incurs higher costs in such auctions, amounting to 16.4...
Persistent link: https://www.econbiz.de/10011763817
This paper examines the relationship between rent seeking and economic performance when governments cannot enforce property rights. With imperfect credit markets and a fixed cost of rent seeking, only wealthy agents choose to engage in it, since it enables them to protect their wealth from...
Persistent link: https://www.econbiz.de/10014401029
corruption reflects a very stable equilibrium, which in turn reflects the fact that several constraints are simultaneously …
Persistent link: https://www.econbiz.de/10014401974
This paper studies the relationship between wealth inequality and occupational choice between rent-seeking and production. With imperfect credit markets and a fixed cost to rent-seeking, only wealthy agents choose to engage in rent-seeking as it enables them to protect their wealth from...
Persistent link: https://www.econbiz.de/10014403639
Persistent link: https://www.econbiz.de/10013169885