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transactions cost theory, he simultaneously analyzes much of current literature and provides his own insights in to the theory of …
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This article provides evidence from the Congo that social relationships with state officials can decrease one social cost of corruption, in the context of public transport. We first document that police stops can lead to long bribe negotiations. In response, some drivers and officers have built...
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sector borrowing requirements through the elimination of unnecessary subsidies. Microeconomic theory tells us that incentive …
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