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Political Connections and Firm Value: Evidence from the Regression Discontinuity Design of Close Gubernatorial Elections
Do, Quoc-Anh; Lee, Yen-Teik; Nguyen, Bang Dang - C.E.P.R. Discussion Papers - 2015
Using the regression discontinuity design of close gubernatorial elections in the U.S., we identify a significant and positive impact of the social networks of corporate directors and politicians on firm value. Firms connected to elected governors increase their value by 3.89%. Political...
Persistent link: https://www.econbiz.de/10011249372
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Public Procurement and Rent-Seeking: The Case of Paraguay
Auriol, Emmanuelle; Flochel, Thomas; Straub, Stéphane - Toulouse School of Economics (TSE) - 2011
predictions along two main dimensions. First, corruption is more frequent in sectors where public institutions are large buyers …
Persistent link: https://www.econbiz.de/10009369360
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Public Procurement and Rent-Seeking: The Case of Paraguay
Auriol, Emmanuelle; Flochel, Thomas; Straub, Stéphane - Institut d'Économie Industrielle (IDEI), Toulouse … - 2011
predictions along two main dimensions. First, corruption is more frequent in sectors where public institutions are large buyers …
Persistent link: https://www.econbiz.de/10009002328
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Public Procurement and Rent-Seeking: The Case of Paraguay
Auriol, Emmanuelle; Flochel, Thomas; Straub, Stéphane - C.E.P.R. Discussion Papers - 2011
predictions along two main dimensions. First, corruption is more frequent in sectors where public institutions are large buyers …
Persistent link: https://www.econbiz.de/10008865969
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Reflection of the Election Cycle in Public Procurement in Prague
Drzková, Petra - In: Acta Oeconomica Pragensia 2013 (2013) 4, pp. 49-68
The aim of this paper is to reveal whether there is a relation between public procurement and the election cycle in Prague. The examined data cover the period from 2005 to 2011. Two hypotheses have been set in order to discover whether there is such a relation. The first one postulates that...
Persistent link: https://www.econbiz.de/10011195119
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Corruption and Competition in Procurement Auctions
Compte, O.; Lambert-Mogiliansky, A.; Verdier, T. - In: RAND Journal of Economics 36 (2005) 1, pp. 1-15
We investigate the effect of corruption on competition in procurement. Our assumption is that the bureaucrat (i.e., the … firms expect to be paying a bribe, a mechanical effect of corruption is to increase the contract price by an amount … corresponding to the anticipated bribe. We show, however, that a key effect of corruption is to facilitate collusion in price …
Persistent link: https://www.econbiz.de/10005357111
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CORRUPTION IN PUBLIC PROCUREMENT AUCTIONS: POSITIVE EQUILIBRIUM ANALYSIS, INCENTIVE MECHANISM DESIGN, AND EMPIRICAL STUDY
Wihardja, Maria M. - In: Journal of Economic Development 35 (2010) 1, pp. 35-57
We study how poor quality of institution, such as corruption in public procurement auction, could hurt welfare. We show … corruption. In fact, no incentive mechanism can be efficient in this auction if qualities are non-contractible. An empirical …
Persistent link: https://www.econbiz.de/10009350212
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Corruption in Procurement and Public Purchase
Auriol, E. - Groupement de Recherche en Économie Quantitative … - 1998
The paper studies the impact of corruption threat in procurement an dpublic purchases. It explores the consequences of …
Persistent link: https://www.econbiz.de/10005669472
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Corruption and competition in procurement
Celentani, Marco; Ganuza, Juan J. - Department of Economics and Business, Universitat … - 2000
level lower than the announced. We compute the equilibrium level of corruption and we study the impact on corruption of the … competition in the market for procurement agents. We identify the effects that influence the equilibrium level of corruption and … show that, contrary to conventional wisdom, corruption may well be increasing in competition. …
Persistent link: https://www.econbiz.de/10005704948
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A Comparison of Alternative Procedures for the Selection of the Private Partner in PPP Projects
Doni, Nicola - Dipartimento di Scienze per l'Economia e l'Impresa, … - 2007
costs, the level of competition, the probability of corruption. The main lesson of the paper is that the adoption of … each contract and a low risk of corruption phenomena. …
Persistent link: https://www.econbiz.de/10005405102