About: Corruption, Rule of Law, and Economic Efficiency: Virginia vs. Chicago Public Choice Theories

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rdf:type	skos:Concept http://linked.opendata.cz/ontology/domain/vavai/Vysledek
Description	Can corruption improve economic efficiency? Classical political economists argue that corruption undermines the rule of law (Smith 2001, chap 5). The modern Public Choice proponents argue that corruption and lobbying might influence the efficiency of the rule of law. While Chicago Public Choice scholars model how legal lobbying, which is corruption in Virginia Public Choice perspective, improves efficiency of the rule of law and thus the overall economic efficiency, the Virginia Public Choice models explain how corruption reduces efficiency of the rule of law and thus the overall economic efficiency. In this short paper, we present a brief survey distinguishing between arguments of the Chicago Public Choice and Virginia Public Choice schools on how corruption influences economic efficiency. We argue that the Virginia Public Choice explanation is more realistic because it includes the influence of bureaucratic rent-seeking. Can corruption improve economic efficiency? Classical political economists argue that corruption undermines the rule of law (Smith 2001, chap 5). The modern Public Choice proponents argue that corruption and lobbying might influence the efficiency of the rule of law. While Chicago Public Choice scholars model how legal lobbying, which is corruption in Virginia Public Choice perspective, improves efficiency of the rule of law and thus the overall economic efficiency, the Virginia Public Choice models explain how corruption reduces efficiency of the rule of law and thus the overall economic efficiency. In this short paper, we present a brief survey distinguishing between arguments of the Chicago Public Choice and Virginia Public Choice schools on how corruption influences economic efficiency. We argue that the Virginia Public Choice explanation is more realistic because it includes the influence of bureaucratic rent-seeking. (en)
Title	Corruption, Rule of Law, and Economic Efficiency: Virginia vs. Chicago Public Choice Theories Corruption, Rule of Law, and Economic Efficiency: Virginia vs. Chicago Public Choice Theories (en)
skos:prefLabel	Corruption, Rule of Law, and Economic Efficiency: Virginia vs. Chicago Public Choice Theories Corruption, Rule of Law, and Economic Efficiency: Virginia vs. Chicago Public Choice Theories (en)
skos:notation	RIV/62156489:43110/12:00188805!RIV13-MSM-43110___
http://linked.open...avai/riv/aktivita	Z
http://linked.open...avai/riv/aktivity	Z(MSM6215648904)
http://linked.open...vai/riv/dodaniDat	2013
http://linked.open...aciTvurceVysledku	Otáhal, Tomáš Grochová, Ladislava
http://linked.open.../riv/druhVysledku	O - Ostatní výsledky nezařaditelné do žádného z výše uvedených druhů výsledku
http://linked.open...iv/duvernostUdaju	S - Úplné a pravdivé údaje nepodléhající ochraně podle zvláštních právních předpisů
http://linked.open...titaPredkladatele	Mendelova univerzita v Brně / Provozně ekonomická fakulta
http://linked.open...dnocenehoVysledku	128883
http://linked.open...ai/riv/idVysledku	RIV/62156489:43110/12:00188805
http://linked.open...riv/jazykVysledku	eng - angličtina
http://linked.open.../riv/klicovaSlova	economic efficiency, Chicago Public Choice, Virginia Public Choice, rent-seeking, rule of law; Bureaucracy, corruption, (en)
http://linked.open.../riv/klicoveSlovo	Bureaucracy Chicago Public Choice Virginia Public Choice corruption economic efficiency rent-seeking rule of law
http://linked.open...ontrolniKodProRIV	[BF841B9C14B2]
http://linked.open...in/vavai/riv/obor	AH
http://linked.open...ichTvurcuVysledku	2 (xsd:int)
http://linked.open...cetTvurcuVysledku	2 (xsd:int)
http://linked.open...UplatneniVysledku	2012
http://linked.open...iv/tvurceVysledku	Grochová, Ladislava Otáhal, Tomáš
http://linked.open...n/vavai/riv/zamer	The Czech Economy in the Process of Integration and Globalisation, and the Development of Agricultural Sector and the Sector of Services under the New Conditions of the Integrated European Market
http://localhost/t...ganizacniJednotka	43110

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