Corruption is a function of its return relative to engaging in productive activities. This paper presents an approach … for thinking about the institutional features of societies and the resulting amount of corruption. The empirical results …-seeking view of the relation between government and corruption is rejected in favor of the Becker (1983) model of political …

In transition and developing countries, we observe rather high levels of corruption even if they have democratic … high corruption levels. Our model is based on the fact that corrupt offcials have to pay an entry fee to get lucrative … positions. In a probabilistic voting model, we show that a lack of financial institutions can lead to more corruption as more …

itself, which performs an anti-corruption task - with the payment of illegal contributions, and provide general conditions …

In many developing countries, we observe rather high levels of corruption. This is surprising from a political economy … perspective, as the majority of people generally suffers from high corruption levels. We explain why citizens do not exert enough … political pressure to reduce corruption if financial institutions are missing. Our model is based on the fact that corrupt …

This paper argues that corruption patterns are endogenous to political structures. Thus, corruption can be systemic and … revolution by creating a system of patronage and loyalty through corrupt bureaucracy. Competitive corruption patterns are … associated with anarchy and weak dictators, while strong dictators implement a system of monopolistic corruption. Efforts at …

This paper explains that James Buchanan's theory of public debt entailed more than the shifting of cost forward in time … engenders a corruption of the meaning of contract through elevating public law to a position of superiority to the institutional …