Title of article :
Is collusion of corrupt agents welfare increasing?
Author/Authors :
Costas Roumanias، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2007
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 :
concentration , Social loss , Firm exit , rent seeking
Journal title :
Economics Letters
Journal title :
Economics Letters