-enforceable private contracts (regulation). However, because this mechanism is costly, its effectiveness depends on the aggregate … institutions and regulation is delayed for the later stages. At this point of time, the hold-up problem is solved and this spurs …

provide higher quality services to all consumers. The externality renders the market outcome inefficient. Price regulation …, price regulation should be accompanied by licensing arrangements that cap the number of experts in the market. Our theory … provides a novel rationale for the wide-spread use of price regulation and licensing in real-world markets for expert services. …

We investigate regulation as the outcome of a bargaining process between a regulator and a regulated firm. The …

Adding to the literature on factors driving corruption and bribery, this paper examines the effect of contestability in …

ineffective standard anti-corruption practices, such as whistle-blowing protection policies. We highlight that closing the …

This paper analyzes the influence of the shadow economy on corruption and vice versa. We hypothesize that corruption … that the shadow economy reduces corruption in high income countries, but increases corruption in low income countries. We … also find that stricter regulations increase both corruption and the shadow economy. …

This paper analyzes the influence of the shadow economy on corruption and vice versa. We hypothesize that corruption … that the shadow economy reduces corruption in high income countries, but increases corruption in low income countries. We … also find that stricter regulations increase both corruption and the shadow economy. …

This paper analyzes the influence of the shadow economy on corruption and vice versa. We hypothesize that corruption … that the shadow economy reduces corruption in high income countries, but increases corruption in low income countries. We … also find that stricter regulations increase both corruption and the shadow economy. …

that corruption is beneficial in highly regulated economies. At the maximum level of regulation among our sample of …The paper investigates whether the impact of regulations on entrepreneurship depends on corruption. We first test … requirements are detrimental to entrepreneurship. Second, we test whether corruption reduces the negative impact of regulations on …