corruption and the concealment of officials' bribes, tax havens discourage the provision of public goods and hence have also a … ; multinational firms ; corruption …

In transition and developing countries, we observe rather high levels of corruption even if they have democratic … high corruption levels. Our model is based on the fact that corrupt offcials have to pay an entry fee to get lucrative … positions. In a probabilistic voting model, we show that a lack of financial institutions can lead to more corruption as more …