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In a public procurement setting, we discuss the desirability of completing contracts with state-contingent clauses providing for monetary compensations to the contractor when revenue shocks occur. Realized shocks are private information of the contractor and this creates agency costs of...
Persistent link: https://www.econbiz.de/10013050659
In a public procurement setting, we discuss the desirability of completing contracts with state-contingent clauses providing for monetary compensations to the contractor when revenue shocks occur. Realized shocks are private information of the contractor and this creates agency costs of...
Persistent link: https://www.econbiz.de/10013054426
interface of labor market policies and public economics. Moreover, how rent seeking and corruption within the informal segment … the gap. We identify conditions under which economic reform in the formal segment will increase the rate of corruption or … reforms may increase corruption instead of reducing it, as claimed previously. …
Persistent link: https://www.econbiz.de/10011964890
The "revolving door" phenomenon has become very common in most industrialised countries, and is leading to conflicts of interest as well as economic distortions. The purpose of this paper is to develop an indicator of the distortionary effects of the revolving door - The Revolving Door Indicator...
Persistent link: https://www.econbiz.de/10010459790
-monetary disincentives to corruption. In doing so, we also test the Beckarian prediction that at the same level of expected payoff, a low … probability of detection with high penalty is a stronger deterrent to corruption than a high probability of detection with low …
Persistent link: https://www.econbiz.de/10011625352
We present a simple model of populism as the rejection of “disloyal” leaders. We show that adding the assumption that people are worse off when they experience low income as a result of leader betrayal (than when it is the result of bad luck) to a simple voter choice model yields a...
Persistent link: https://www.econbiz.de/10011876595
Adding to the literature on factors driving corruption and bribery, this paper examines the effect of contestability in …
Persistent link: https://www.econbiz.de/10011822610
dynamics of bribes and violence around elections in democracies and autocracies using a novel measure of corruption based on …
Persistent link: https://www.econbiz.de/10015057721
We ask whether, as many seem to think, corruption worsens, and judicial accountability improves, inequality, and … investigate this empirically using data from 145 countries 1960–2014. We relate perceived corruption and de facto judicial … accountability to gross-income inequality and consumption inequality. The study shows that corruption is negatively, and that …
Persistent link: https://www.econbiz.de/10012845958
Purpose – The purpose of this paper is to provide a conceptual framework on the relationship between corruption and … development. The paper demonstrates how the impact of corruption on economic development (ED) might vary substantially from … concepts from corruption and development. A synthesis of these two concepts leads to the development of the conceptual …
Persistent link: https://www.econbiz.de/10012984977