This analysis investigates a political corruption model that builds on previous literature on corruption in hierarchies …. Our study enriches the literature on political corruption emphasizing the contrasting role of the minorities having a … involved into the illicit activity and, eventually, spread the corruption disease. …

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. …

This paper deals with double lobbying: several bureaucrats participate in joint lobbying to get a high total … departmental budget, but they also engage in antagonistic lobbying to reap as high a share of the total budget as possible. The … antagonistic lobbying constitutes a contest among the bureaucrats. This paper characterizes the Nash equilibria in lobbying and …

Firms often try to influence individuals that, like regulators, are tasked with advising or deciding on behalf of a … third party. In a dynamic regulatory setting, we show that a firm may prefer to capture regulators through the promise of a … because the revolving door publicly signals the firm's eagerness and commitment to rewarding lenient regulators, which …

High-quality data on state-level inequality and incomes, panel data on corruption convictions, and careful attention to … institutional environment the corruptible employee’s or official’s decision to engage in corruption is affected by relative wages … of inequality, which indicate diminished prospects facing those convicted of corruption. In US states over 25 years we …

Firms have incentives to influence regulators' decisions. In a dynamic setting, we show that a firm may prefer to … capture regulators through the promise of a lucrative future job opportunity (i.e., the revolving-door channel) than through a … reward friendly regulators, which facilitates collusive equilibria. Moreover, the revolvingdoor channel need not require an …

A government officials' propensity to corruption, or corruptibility, can be affected by his intertemporal preference …

, a failure due, at least in Iceland, to a combination of mistakes, incompetence and what can only be called corruption …