Rent seeking and the economics of corruption |
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Authors: | Toke S Aidt |
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Institution: | 1.Faculty of Economics,University of Cambridge,Cambridge,UK |
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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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