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Can corruption improve economic efficiency? Classical political economists argue that corruption undermines the rule of … law (Smith 2001, Chap 5). The modern Public Choice proponents argue that corruption might influence the efficiency of the … rule of law. While Chicago Public Choice scholars model how corruption improves efficiency of the rule of law and thus the …
Persistent link: https://www.econbiz.de/10014178681
Can corruption improve economic efficiency? Classical political economists argue that corruption undermines the rule of … law (Smith 2001, chap 5). Modern Public Choice proponents argue that corruption and lobbying might influence the rule of …’s efficiency and thus overall economic efficiency, the Virginia Public Choice models explain how corruption and lobbying reduces …
Persistent link: https://www.econbiz.de/10014149245
Can corruption improve economic efficiency? Classical political economists argue that corruption undermines the rule of … law (Smith 2001, chap 5). The modern Public Choice proponents argue that corruption and lobbying might influence the … efficiency of the rule of law. While Chicago Public Choice scholars model how legal lobbying, which is corruption in Virginia …
Persistent link: https://www.econbiz.de/10014168990
Can corruption improve economic efficiency? Classical political economists argue that corruption undermines the rule of … law (Smith 2001, chap 5). The modern Public Choice proponents argue that corruption and lobbying might influence the … efficiency of the rule of law. While Chicago Public Choice scholars model how legal lobbying, which is corruption in Virginia …
Persistent link: https://www.econbiz.de/10014168994
This analysis investigates a political corruption model that builds on previous literature on corruption in hierarchies …. Our study enriches the literature on political corruption emphasizing the contrasting role of the minorities having a … involved into the illicit activity and, eventually, spread the corruption disease. …
Persistent link: https://www.econbiz.de/10011725698
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Persistent link: https://www.econbiz.de/10011687049
This paper compares various proposals for monetary policy rules according to the standard of political economy. It first presents an argument for why rules-based monetary policy is preferable to discretionary policy. Next it discusses at a general level two kinds of rules: those that can be...
Persistent link: https://www.econbiz.de/10013003319
In dominant party regimes, party cadres' participation in decision-making constrains dictators from arbitrarily changing policy. Party based regimes are also better at mobilizing supporters in exchange for extensive patronage. The conventional wisdom is that these two mechanisms work together to...
Persistent link: https://www.econbiz.de/10012934623