Fredriksson, Per G.; Wollscheid, Jim R. - In: European Journal of Political Economy 24 (2008) 1, pp. 53-72
This paper seeks to explain the implications of corruption and political instability for firm investment in abatement technology. In our theoretical set-up, a firm has an incentive to under-invest in abatement technology in order to gain a political advantage. The prediction that emerges is that...