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Academic

: Voir Dire

Corruption and Regulation

By abwhitford

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Don’t really know what to make of all the counter-intuitive results in one of the latest papers on this topic: This paper evaluates the extent of regulation in a democracy with corruption. Elected politicians can restrict entry of firms in exchange for bribes from entrepreneurs. Full liberalization implies free entry and allocative efficiency. Voters re-elect politicians [...]

Full post as published by Voir Dire on November 20, 2008 (boomark / email).

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