Showing 1 - 10 of 1,427
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
In the presence of competing interest groups, this paper examines how the form of votebuying contracts affects policy outcomes. We study contracts contingent upon individual votes, policy outcomes, and/or vote shares. Voters either care about their individual votes, or about the policy outcome....
Persistent link: https://www.econbiz.de/10014404237
We examine the effects of oil rents on corruption and state stability exploiting the exogenous within-country variation … increase in oil rents significantly increases corruption, significantly deteriorates political rights while at the same time … redistribution and conflict. We support our argument documenting that there is a significant effect of oil rents on corruption in …
Persistent link: https://www.econbiz.de/10014402218
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
I construct an endogenous growth model where R&D is carried out at the industry level in a game of innovation between leaders and followers. Innovation costs for followers are assumed to increase with the technological lag from leaders. We obtain three results that contrast with standard...
Persistent link: https://www.econbiz.de/10014400811
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
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 argues that better governance practices can reduce the costs, risks and uncertainty of financial intermediation. Our sample covers high-, middle- and low-income countries before and after the global financial crisis (GFC). We find that net interest margins of banks are lower if...
Persistent link: https://www.econbiz.de/10011978660
This paper examines the issue of controlling fiscal corruption by providing incentives to fiscal officers. First, a … case study of a successful attack on corruption is presented that shows the importance of attending to the conditions of … consistency with optimization behavior. It confirms that simply providing bonuses is not enough. Corruption at higher levels of …
Persistent link: https://www.econbiz.de/10014403292
alternative stabilization/reform packages as a function of the scope of corruption activities. The framework developed herein is a … basic one in which only the most fundamental questions (such as the effects of anti-corruption government policies on output …, and is able to explain why, even when able to eliminate corruption activity altogether, governments may choose not to do …
Persistent link: https://www.econbiz.de/10014398151