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How corruption in government affects public welfare: A review of theory

Lambsdorff, Johann - Center for European, Governance and Economic … - 2001

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 … door to opportunism. …

Persistent link: https://www.econbiz.de/10010980793

Socially-Tolerable Discrimination

Amegashie, J. Atsu - Volkswirtschaftliche Fakultät, … - 2008

History is replete with overt discrimination on the basis of race, gender, age, citizenship, ethnicity, marital status, academic performance, health status, volume of market transactions, religion, sexual orientation, etc. However, these forms of discrimination are not equally tolerable. For...

Persistent link: https://www.econbiz.de/10005619655

The Welfare Costs of Rent-Seeking: A Methodologically Individualist & Subjectivist Revision

Makovi, Michael - Volkswirtschaftliche Fakultät, … - 2015

or inefficient for society. Rent-seeking is inefficient because it reduces societal welfare. But according to a …

Persistent link: https://www.econbiz.de/10011234836

Improper Selection of High-Cost Producers in the Rent-Seeking Contest

Palda, Filip - EconWPA - 2001

The resources two rival businesses spend to raise their own chance of getting a unique monopoly license are a cost of rent-seeking. When those businesses differ in the costs of producing the monopoly good there is an additional cost of rent-seeking that has not been studied in the literature. If...

Persistent link: https://www.econbiz.de/10005125968

The Origin Rent-Seeking Concept

Tullock, Gordon - In: International Journal of Business and Economics 2 (2003) 1, pp. 1-8

Possibly as a prelude to a mini series of critical review essays, this short paper is intended to revisit and clarify Tullock's contributions to the concept of rent-seeking. Some subsequent contributions are highlighted, so are its implications on social costs and wealth transfers.

Persistent link: https://www.econbiz.de/10010600151

Income inequality and social preferences for redistribution and compensation differentials

Kerr, William R. - Suomen Pankki - 2013

In cross-sectional studies, countries with greater income inequality typically exhibit less support for government-led redistribution and greater acceptance of wage inequality (e.g., United States versus Western Europe). If individual nations evolve along this pattern, a vicious cycle could form...

Persistent link: https://www.econbiz.de/10010945116

Let's make the tax system more lovable

Paunić, Alida - Volkswirtschaftliche Fakultät, … - 2007

Making the taxes acceptable to large number of people by allocating their obligation to the chosen project is the main subject of this paper. In this way a greater objectivity, transparency and local goals are set in according to the preferences of the tax contributors. State Investment office...

Persistent link: https://www.econbiz.de/10005260179

Corruption, Public Procurement, and the Budget Composition: Theory and Evidence from OECD Countries

Hessami, Zohal - Fachbereich Wirtschaftswissenschaften, Universität Konstanz - 2013

This paper examines the relationship between corruption and the composition of public expenditures. First, I derive a … theoretical model that links the degree of corruption in a country - to be understood as the prevailing culture of corruption - to … corruption. This distortion occurs at the expense of spending categories that do not involve public procurement (social …

Persistent link: https://www.econbiz.de/10010883489

Rent-Seeking Russia

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

Concealed Ownership of Contractors, Manipulation of Tenders and the Allocation of Public Procurement Contracts

Palguta, Jan - Center for Economic Research and Graduate Education and … - 2014

This study provides evidence of a strong link between two channels facilitating rentextraction in public procurement: between concealing the ultimate ownership of contractors and manipulation of the anticipated value of tenders. Using data on more than 15 300 tenders awarded to joint-stock...

Persistent link: https://www.econbiz.de/10010842890

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