Scholars making economic policy recommendations to resolve corruption problem use several approaches, the most dominant of which are the principal-agent and rent-seeking theories. In this paper, we argue that the principal-agent theory has problems accounting for the environment in which the...

Scholars making economic policy recommendations to resolve corruption problem use several approaches, the most dominant of which are the principal-agent and rent-seeking theories. In this paper, we argue that the principal-agent theory has problems accounting for the environment in which the...

Scholars making economic policy recommendations to resolve the corruption problem use several approaches, the most dominant of which are principal-agent theory and rent-seeking. In this paper, we argue that the principal-agent theory has problems accounting for the environment in which the...