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Corrupt arrangements are characterized by a high risk of opportunism: double-dealing, whistle-blowing and extortion are significant uncertainties for participants in corrupt transactions. This paper demonstrates how legislators may use an asymmetric design of (criminal) sanctions and leniency...
Persistent link: https://www.econbiz.de/10010300175
Corporation (MCC) was successful in promoting better control of corruption. We employ a difference … corruption over time. We conclude that - if designed properly - conditionality can work. …
Persistent link: https://www.econbiz.de/10010302714
Corruption at central banks induces distorted policies by generating a tendency to increase inflation. An inflation …
Persistent link: https://www.econbiz.de/10010300177
The objectives of government are pivotal to understanding the diverse negative effects of corruption on public welfare …. Corruption renders governments unable or unwilling to maximize welfare. In the first case, it distorts agents' decisions and …
Persistent link: https://www.econbiz.de/10010300181