The dynamics of corruption with the ratchet effect
Article Abstract:
The entrepreneurs delay entry, in order to receive a discount in the permit price later, since the government officials are unable to commit to future money demands, even though the corrupt officials are left with less extortion power, social welfare may decrease. The effects of the official es tenure stability on the extent of corruption was surveyed to know, whether the often observed practice of job rotation can mitigate corruption crucially, which depends on the information available to new officials.
Publication Name: The Journal of Public Economics
Subject: Government
ISSN: 0047-2727
Year: 2003
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Dynamic income taxation, redistribution, and the ratchet effect
Article Abstract:
The classic optimum linear income tax model was extended to a twice-repeated game where a utilitarian policy-maker decides on the second-period tax system on the basis of the first-period behavior. It was found that results from a static optimal taxation model cannot be expected to be robust in a dynamic economic setting. The basic model for static individual decision-making under complete and incomplete information is analyzed, the dynamic problem is described, and the equilibrium concept is defined.
Publication Name: The Journal of Public Economics
Subject: Government
ISSN: 0047-2727
Year: 1996
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Strategic choice of financing systems in regulated and interconnected industries
Article Abstract:
The impact of non-cooperating financial systems, which influences access prices between two countries, on social welfare is analyzed.
Publication Name: The Journal of Public Economics
Subject: Government
ISSN: 0047-2727
Year: 2005
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