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There are a large number of cases where corruption has been discovered investigating levels of consumption that appear … the principal. We argue that this assumption has to be revised in applications that study corruption. The informativeness … consumption with the aim of reducing corruption, and discuss features of the practical applications. We show that when there is …
Persistent link: https://www.econbiz.de/10012776790
possible to establish robust bounds on equilibrium corruption using only non-verifiable reports. Our analysis suggests a simple …
Persistent link: https://www.econbiz.de/10013050290
Many developing countries have suffered under the personal rule of kleptocrats', who implement highly inefficient economic policies, expropriate the wealth of their citizens, and use the proceeds for their own glorification or consumption. We argue that the success of kleptocrats rests, in part,...
Persistent link: https://www.econbiz.de/10013240570
Digital platforms like Uber can enhance market transparency and mitigate moral hazard via ratings of buyers and sellers …
Persistent link: https://www.econbiz.de/10012911461
We characterize the price-transparency role of benchmarks in over-the-counter markets. A benchmark can, under … dealers and customers, and reducing search costs. Although the market transparency promoted by benchmarks reduces dealers …
Persistent link: https://www.econbiz.de/10013044980
In this paper we present the results from a "corruption game" (a dictator game modified so that the second player can …
Persistent link: https://www.econbiz.de/10013131979
Corrupt officials can use their positions to enrich themselves in two ways. They can steal from the state budget--embezzling or misspending funds--or they can demand extra payments from citizens in return for services--bribery. In many circumstances, embezzlement is less distortionary than...
Persistent link: https://www.econbiz.de/10013135875
Does information about rampant political corruption increase electoral participation and the support for challenger … copious corruption not only decreases incumbent support in local elections in Mexico, but also decreases voter turnout …
Persistent link: https://www.econbiz.de/10013117216
We employ a regression discontinuity design based on close elections to estimate the rents from a seat in the U.S. congress between 1850-1880. Using census data, we compare wealth accumulation among those who won or lost their first race by a small margin. We find evidence of significant returns...
Persistent link: https://www.econbiz.de/10013117869
Recent years have seen a remarkable expansion in economists' ability to measure corruption. This, in turn, has led to a … new generation of well-identified, microeconomic studies. We review the evidence on corruption in developing countries in … light of these recent advances, focusing on three questions: how much corruption is there, what are the efficiency …
Persistent link: https://www.econbiz.de/10013120310