Article ID Journal Published Year Pages File Type
5062159 Economics Letters 2007 5 Pages PDF
Abstract

If corrupt agents cannot observe the profitability of firms, the welfare loss is increasing and revenues from corrupt activities are decreasing in the number of agents. Reducing the number of corrupt agents in any way possible is then Pareto improving.

Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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Is collusion of corrupt agents welfare increasing?
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