recommendations presented here are based on the particular system of property rights assumed within each theory. In this example, I … show why corruption is a problem of the state rather than the market. …

Vertragstheorie - ausgewählte Ansatzpunkte zur Betrugsbekämpfung und insbesondere das Problem der Sanktionierung von ertappten … using existing results of contract theory. …

This paper examines the relation between political corruption and the composition of public spending. A rent …-seeking model is used to describe political rent creation through the composition of public spending. Political corruption is … categories characterized by high-technology goods supplied by non-competitive industries varies positively with the Corruption …

. This ability to extract rents is itself posited as a function of the degree of corruption in a country's government. Thus …, it is the high degree of corruption in developing country governments that contributes to the dual nature of their … industrial structure. The model predicts that the higher the degree of corruption, the fewer (and larger) are the formal firms …

water, corruption and rent-seeking. These failures result in wastage of this scarce resource. We propose to study the public … management of irrigated perimeter using the theory of transaction cost. To this end, we conduct an inquiry in the delegation of …

stable norms of behaviour. Domination of barter exchange, arrears, corruption and black market activities are examples of …