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@article{719004,
author = {Otáhal, Tomáš},
article_location = {Praha},
article_number = {2},
keywords = {agent; agency theory; bribery; contract; corruption; competition; comparative analysis},
language = {eng},
issn = {1210-0455},
journal = {Prague Economic Papers},
title = {Why is Corruption a Problem of the State?},
url = {http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1699866},
volume = {16},
year = {2007}
}
TY - JOUR
ID - 719004
AU - Otáhal, Tomáš
PY - 2007
TI - Why is Corruption a Problem of the State?
JF - Prague Economic Papers
VL - 16
IS - 2
SP - 165-179
EP - 165-179
PB - Oeconomica
SN - 12100455
KW - agent
KW - agency theory
KW - bribery
KW - contract
KW - corruption
KW - competition
KW - comparative analysis
UR - http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1699866
N2 - Economic theories of the last decades provide analytical framework within which we can explain institutional conditions for corrupt action. Specialists making economic policy recommendations to resolve this problem use several approaches, the most dominant of which are rent seeking and agency theories. In this paper, I explain economic policy recommendations that stem out of both approaches. I argue that scholars suggesting these recommendations within these two frameworks do not understand each other because of different assumptions they make. More specifically, I show that two sets of policy recommendations presented here are based on the particular system of property rights assumed within each theory. In this example, I show why corruption is a problem of the state rather than the market.
ER -
OTÁHAL, Tomáš. Why is Corruption a Problem of the State? \textit{Prague Economic Papers}. Praha: Oeconomica, 2007, vol.~16, No~2, p.~165-179. ISSN~1210-0455.
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