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In this paper, energy sector’s monopoly behavior is analyzed in the case of Azerbaijan by referring to the literature of Dutch disease and rent-seeking. As a theoretical background, a new general equilibrium model is also developed in order to explain unusual surge of gasoline prices in...
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The Transparency International Corruption Perceptions Index is a composite index with a focus on cross …
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Theory predicts democracy should reduce corruption. Yet, numerous scholars have found empirically that corruption … democracy affect costs and benefits of engaging in corruption and, therefore, the level of corruption overall. Whereas other … studies examine only how democratic accountability imposes costs on those engaging in corruption and thus illuminate only the …
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