Grochova, Ladislava; Otahal, Tomas - In: ACTA VSFS 6 (2012) 2, pp. 136-154
Can corruption improve economic efficiency? Classical political economists argue that corruption undermines the rule of … 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 …