Series: IMF Working Papers
Author(s): Marco Pani
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 April 2009
Keywords: Political Equilibrium, Public Expenditure, Constitution, voter, law, law enforcement, voters, election,
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 rep...