that may even exceed the static monopoly price. 2) Honest certification exhibits economies of scale and constitutes a … natural monopoly. 3) Price competition tends to a monopolization. The results derive from a general principle of reputation …

This paper presents an analysis of the effect of bureaucratic corruption on economic growth through a public finance …. Corruption takes the form of the embezzlement of public funds, the effect of which is to increase the government's reliance on … strategies. Our results are robust to a wide range of sensitivity tests. -- Corruption ; seigniorage ; inflation ; growth. …

fraud and corruption, accelerated by electronic systems and modern platforms.The most recent developments tend to confirm … errors and fraud in accounting, and reduce corruption, as well.The aim of this paper is to present some particular aspects of …Accounting errors and fraud are common in most businesses, but there is a difference between fraud and …

This paper presents an analysis of the effect of bureaucratic corruption on economic growth through a public finance …. Corruption takes the form of the embezzlement of public funds, the effect of which is to increase the government's reliance on …

natural entry barriers, thereby leading to market concentration and opportunities for monopoly rent extraction. High rents, in …