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Rent seeking and the economics of corruption

Published version
Peer-reviewed

Repository DOI


Type

Article

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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.

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Keywords

rent seeking, corruption, bribes

Journal Title

Constitutional Political Economy

Conference Name

Journal ISSN

1043-4062
1572-9966

Volume Title

Publisher

Springer Science and Business Media LLC