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We sketch a model according to which tax havens attract corporate income generated in corrupted countries. In our framework, tax havens have two opposite effects on welfare. First, tax havens' services have a positive effect on welfare through encouraging investment by firms fearing...
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This paper investigates how corruption affects firm behavior. Using an original and unusually rich dataset on bribe payments at ports matched to firm-level data, we observe how firms adapt to different types of corruption by adjusting their transport strategies. Our results suggest that firms...
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's traffic police agency is to manage traffic and to enforce the traffic code. We first document that, in the capital's branch …, Kinshasa, traffic violation fines account for only 22% of the revenue of the branch. The remaining 78%, unofficial, comes from … first mandate, while not improving its ability to fulfill the second. First, the quota causes 65% of all traffic jams and …
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