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| Description
| - This paper argues that even temporary barriers to entry present at the very beginning of transition may lead to permanent extortion development. Entry restrictions, if binding, lead to excess profits, which create an incentive to extort. The emergence of extortionists reduces the expected profit from production, making producers expect extortion in the future. If, after this adaptation of expectations, the government removes the barriers to entry, only a few new firms will enter the market. Hence, the total number of firms on the market is lower than it would have been with no barriers to entry. The low number of firms on the market allows each producer to earn relatively high pre-extortion profits, which reinforces the desire of racketeers to take part of their wealth. Consequently, part of the population is permanently diverted from production to rent-seeking activities, which may slow down economic growth, even in the long run.
- This paper argues that even temporary barriers to entry present at the very beginning of transition may lead to permanent extortion development. Entry restrictions, if binding, lead to excess profits, which create an incentive to extort. The emergence of extortionists reduces the expected profit from production, making producers expect extortion in the future. If, after this adaptation of expectations, the government removes the barriers to entry, only a few new firms will enter the market. Hence, the total number of firms on the market is lower than it would have been with no barriers to entry. The low number of firms on the market allows each producer to earn relatively high pre-extortion profits, which reinforces the desire of racketeers to take part of their wealth. Consequently, part of the population is permanently diverted from production to rent-seeking activities, which may slow down economic growth, even in the long run. (en)
- Analýza pojednává o faktu, že dokonce dočasné bariéry vstupování do současnoti v úplném počátku přeměny mohou vést k vývoji stálého vyděračství. Vstupní zákazy vedou k nadbytečným výdělkům, které dále vytvářejí popud k vyděračství. Naléhavost vyděračství snižuje očekáváný výdělek z produkce, pročež výrobní činitelé očekávají vyděračství i v budoucnosti. Pokud by po tomto návyku očekávání vláda odstranila vstupní limity, na trh by se dostalo pouze několik málo nových firem. To znamená nižší počet firem na trhu, než kolik by jich bylo bez vstupních limit. (cs)
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| Title
| - The power of negative thinking: corruption, perception and willingness to bribe in Ukraine
- The power of negative thinking: corruption, perception and willingness to bribe in Ukraine (en)
- Síla negativního myšlení: korupce, percepce a ochota k podplácení na Ukraině (cs)
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| skos:prefLabel
| - The power of negative thinking: corruption, perception and willingness to bribe in Ukraine
- The power of negative thinking: corruption, perception and willingness to bribe in Ukraine (en)
- Síla negativního myšlení: korupce, percepce a ochota k podplácení na Ukraině (cs)
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| skos:notation
| - RIV/00216208:11240/04:00000647!RIV06-MSM-11240___
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| http://linked.open.../vavai/riv/strany
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| http://linked.open...avai/riv/aktivita
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| http://linked.open...avai/riv/aktivity
| - P(ME 595), Z(AV0Z7085904), Z(MSM 119070001)
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| http://linked.open...iv/cisloPeriodika
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| http://linked.open...vai/riv/dodaniDat
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| http://linked.open...aciTvurceVysledku
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| http://linked.open.../riv/druhVysledku
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| http://linked.open...iv/duvernostUdaju
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| http://linked.open...titaPredkladatele
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| http://linked.open...dnocenehoVysledku
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| http://linked.open...ai/riv/idVysledku
| - RIV/00216208:11240/04:00000647
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| http://linked.open...riv/jazykVysledku
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| http://linked.open.../riv/klicovaSlova
| - corruprion, perception, Ukraine, simultaneous equaltion estimation, multinomial probit (en)
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| http://linked.open.../riv/klicoveSlovo
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| http://linked.open...odStatuVydavatele
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| http://linked.open...ontrolniKodProRIV
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| http://linked.open...i/riv/nazevZdroje
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| http://linked.open...in/vavai/riv/obor
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| http://linked.open...ichTvurcuVysledku
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| http://linked.open...cetTvurcuVysledku
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| http://linked.open...vavai/riv/projekt
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| http://linked.open...UplatneniVysledku
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| http://linked.open...v/svazekPeriodika
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| http://linked.open...iv/tvurceVysledku
| - Hanousek, Jan
- Cabelkova, Inna
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| http://linked.open...n/vavai/riv/zamer
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| issn
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| number of pages
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| http://localhost/t...ganizacniJednotka
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