The Persistence of Corruption and Regulatory Compliance Failures : Theory and Evidence

Theory and Evidence

The Persistence of Corruption and Regulatory Compliance Failures : Theory and Evidence
This paper examines the reasons why corruption and policy distortions tend to exhibit a high degree of persistence in certain regimes. We identify circumstances under which a firm seeks to evade regulations by (1) bribing of local inspectors, and (2) lobbying high-level government politicians to resist legal reforms designed to improve judicial... READ MORE...

Publication date: September 2003
ISBN 9781451858594
$15.00

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