Hold Your Nose and Vote : Why Do Some Democracies Tolerate Corruption? /

This paper analyses why corruption can persist for long periods in a democracy and inquires whether this can result from a well-informed rational choice of the citizens. By applying a citizen-candidate model of representative democracy, the paper analyzes how corruption distortsthe allocation of res...

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Bibliographic Details
Main Author: Pani, Marco
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2009.
Series:IMF Working Papers; Working Paper ; No. 2009/083
Online Access:Full text available on IMF