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Corruption and optimal regulation under common agency
Hemsley, Pedro - In: EconomiA 17 (2016) 2, pp. 199-209
I show that it is optimal to separate non-benevolent regulators when regulated projects are large. Separation prevents regulators from coordinating to appropriate all of the agent's informational rent when they know the type of the latter; therefore, there is a trade-off between saving on...
Persistent link: https://www.econbiz.de/10011858462
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Monopolistic screening under learning by doing
Gärtner, Dennis - 2007
This paper investigates the design of incentives in a dynamic adverse selection framework when agents' production technologies display learning effects and agents' rate of learning is private knowledge. In a simple two-period model with full commitment available to the principal, we show that...
Persistent link: https://www.econbiz.de/10010315563
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Corruption and the shadow economy: An empirical analysis
Dreher, Axel; Schneider, Friedrich G. - 2006
This paper analyzes the influence of the shadow economy on corruption and vice versa. We hypothesize that corruption … that the shadow economy reduces corruption in high income countries, but increases corruption in low income countries. We … also find that stricter regulations increase both corruption and the shadow economy. …
Persistent link: https://www.econbiz.de/10010294540
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Corruption and the shadow economy: An empirical analysis
Dreher, Axel; Schneider, Friedrich - 2006
This paper analyzes the influence of the shadow economy on corruption and vice versa. We hypothesize that corruption … that the shadow economy reduces corruption in high income countries, but increases corruption in low income countries. We … also find that stricter regulations increase both corruption and the shadow economy. …
Persistent link: https://www.econbiz.de/10010330109
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Corruption and the shadow economy : an empirical analysis
Dreher, Axel; Schneider, Friedrich G. - 2006
This paper analyzes the influence of the shadow economy on corruption and vice versa. We hypothesize that corruption … that the shadow economy reduces corruption in high income countries, but increases corruption in low income countries. We … also find that stricter regulations increase both corruption and the shadow economy. …
Persistent link: https://www.econbiz.de/10010276563
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Corruption and the shadow economy: an empirical analysis
Dreher, Axel; Schneider, Friedrich G. - 2006
This paper analyzes the influence of the shadow economy on corruption and vice versa. We hypothesize that corruption … that the shadow economy reduces corruption in high income countries, but increases corruption in low income countries. We … also find that stricter regulations increase both corruption and the shadow economy. …
Persistent link: https://www.econbiz.de/10010276652
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Greasing the wheels of entrepreneurship? The impact of regulations and corruption on firm entry
Dreher, Axel; Gassebner, Martin - 2007
that corruption is beneficial in highly regulated economies. At the maximum level of regulation among our sample of …The paper investigates whether the impact of regulations on entrepreneurship depends on corruption. We first test … requirements are detrimental to entrepreneurship. Second, we test whether corruption reduces the negative impact of regulations on …
Persistent link: https://www.econbiz.de/10010277758
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Bargaining and collusion in a regulatory model
Fiocco, Raffaele; Gilli, Mario - 2011
Within a standard three-tier regulatory model, a benevolent principal delegates to a regulatory agency two tasks: the supervision of the firm's (two-type) costs and the arrangement of a pricing mechanism. The agency may have an incentive to manipulate information to the principal to share the...
Persistent link: https://www.econbiz.de/10010281496
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The impact of tax morale and institutional quality on the shadow economy
Schneider, Friedrich; Torgler, Benno - 2007
This paper analyses how tax morale and countries’ institutional quality affect the shadow economy, controlling in a multivariate analysis for a variety of potential factors. The literature strongly emphasizes the quantitative importance of these factors to understand the level and changes of...
Persistent link: https://www.econbiz.de/10010294508
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Shadow economy, tax morale, governance and institutional quality: A panel analysis
Schneider, Friedrich; Torgler, Benno - 2007
This paper analyses how governance or institutional quality and tax morale affect the shadow economy, using an international country panel and also within country data. The literature strongly emphasizes the quantitative importance of these factors to understand the level and changes of shadow...
Persistent link: https://www.econbiz.de/10010294548