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Levin, M.; G. Satarov. - In: VOPROSY ECONOMIKI 1 (2014)

The Russian economy is in transition period "from plan to market", which is characterized by immature institutions and expansion of rent-seeking behavior. In this article, the authors consider rent as a?possible excess return above the minimum income needed to encourage an agent to implement the...

Persistent link: https://www.econbiz.de/10010904733

Corruption, Rule of Law, and Economic Efficiency: Virginia vs. Chicago Public Choice Theories

Grochova, Ladislava; Otahal, Tomas - In: ACTA VSFS 6 (2012) 2, pp. 136-154

law (Smith, 2001, chap. 5). The modern Public Choice proponents argue that corruption and lobbying might influence the … efficiency of the rule of law. While Chicago Public Choice scholars model how legal lobbying, which is corruption in V irginia …Can corruption improve economic efficiency? Classical political economists argue that corruption undermines the rule of …

Persistent link: https://www.econbiz.de/10010665484

State fragility, rent seeking and lobbying: evidence from African data

Simplice A, Asongu; Oasis, Kodila-Tedika - Volkswirtschaftliche Fakultät, … - 2013

This paper assesses the determinants of state fragility in sub-Saharan Africa using hitherto unexplored variables in … being a function of rent seeking and/or lobbying by de facto power holders is tested. The resulting interesting finding is … that, political interference, rent seeking and lobbying increase the probability of state fragility by mitigating the …

Persistent link: https://www.econbiz.de/10011261165