Rent seeking and the economics of corruption
Published version
Peer-reviewed
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Repository DOI
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Authors
Aidt, TS
Abstract
The paper studies the influence of Tullock (West Econ J 5:224–232, 1967) and the rent-seeking literature more generally on the study of corruption. The theoretical corruption literature with its emphasis on principal-agent relationships within government and rent creation by corruption politicians has largely, but not entirely, overlooked that contestable rents encourage unproductive use of real resources in seeking these rents. As a consequence, the literature underestimates the value of corruption control and the cost of corruption itself.
Description
Keywords
rent seeking, corruption, bribes
Journal Title
Constitutional Political Economy
Conference Name
Journal ISSN
1043-4062
1572-9966
1572-9966
Volume Title
Publisher
Springer Science and Business Media LLC