Choi, Jay Pil; Thum, Marcel P. - 2021
This paper provides a simple model of corruption dynamics with the ratchet effect. As in Shleifer and Vishny [1993], we … consider the sale of government property (entry permit) by government officials as the prototype of corruption activities. In a … also explore the effect of the official?s tenure stability on the extent of corruption. This allows us to identify …
