There is general agreement that the world would be a better place without corruption, but there is less general understanding of precisely what constitutes corruption. In this book Ian Senior carefully defines corruption and finds that it is all too prevalent, not just in developing countries,...

In classical myth Cerberus was the three-headed dog that guarded the entrance to hell. The Royal Mail Group ('RMG'), as the holding company is currently called, is a three-headed dog that should be put down. This paper examines the problems underlying RMG's three businesses - letters, parcels...

The paper considers the impact of theatre critics on the West End's main theatres in 2003. The model takes account of the newspapers' circulations, the proportion of readers who are theatregoers, the nature of the different reviews and the size of theatres in question. Using a sample of 32...

The author proposes a definition of corruption which requires five conditions to be satisfied simultaneously. The definition is applicable to both the state and private sectors. Empirical work shows that corrupt countries receive less inward investment, pay higher interest on borrowings and...

This book is the latest annual review of utility regulation and deregulation, published in association with the Institute of Economic Affairs and the London Business School