Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments June 7, 2015 erstellt
Beschreibung:
We show that the interaction between political turnover and corruption significantly affects the inter-temporal optimization problems of governments by inducing a “corruption-temptation tax” in the Euler condition. Governments treat corruption in the same way that rational consumers treat a temptation good (Banerjee and Mullainathan, 2010)