Human capital and corruption: a microeconomic model of the bribes market with democratic contestability
To overcome market failures society creates common laws that stimulate or penalize individual actions, the enforcement of which depends on the actions of public authorities who may be susceptible to corruption. We model this behaviour for an autocracy versus a democracy, using a microeconomic framew...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Coimbra University Press
2006-06-01
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| Series: | Notas Económicas |
| Online Access: | https://impactum-journals.uc.pt/notaseconomicas/article/view/3648 |