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small economy case) can be welfare worsening since tariff revenues are replaced by resource using queuing costs. On the … other hand, corruption can be welfare improving if queuing costs are replaced by resource transferring bribes. We also show …
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small economy case) can be welfare worsening since tariff revenues are replaced by resource using queuing costs. On the … other hand, corruption can be welfare improving if queuing costs are replaced by resource transferring bribes. We also show …
Persistent link: https://www.econbiz.de/10012469218
possible by weaknesses in the institutions in these societies. Members of society need to cooperate in order to depose a … to buy off opponents; when opposition groups are shortsighted; when the average productivity in the economy is low; and …
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possible by weaknesses in the institutions in these societies. Members of society need to cooperate in order to depose a … to buy off opponents; when opposition groups are shortsighted; when the average productivity in the economy is low; and …
Persistent link: https://www.econbiz.de/10012468558