How Corruption Is and Should Be Investigated by Economic Theory

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60460709%3A41110%2F22%3A92501" target="_blank" >RIV/60460709:41110/22:92501 - isvavai.cz</a>
Result on the web
<a href="https://www.mdpi.com/2227-7099/10/12/326" target="_blank" >https://www.mdpi.com/2227-7099/10/12/326</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.3390/economies10120326" target="_blank" >10.3390/economies10120326</a>

Result language
angličtina
Original language name
How Corruption Is and Should Be Investigated by Economic Theory
Original language description
The article analyzes how economic theory usually investigates corruption. It describes the main traditional economic theories dealing with this issue principal-agent theory (agency theory) and rent-seeking theory and it emphasizes that both face some problems, especially their neglect of some important factors as to why corruption occurs which prevents them from accurately analyzing this phenomenon and proposing solutions on how to fight against it. The article further discusses whether institutional economics can overcome these problems. We show that it does, but that it needs to more seriously consider the environment in which corruption occurs. Redistribution system theory can serve as a useful aid here because it reveals that the source of corruption is an environment of undesirable redistribution. The article provides the characteristics of this type of redistribution and shows how its reduction also leads to the reduction in corruption. It can be concluded that economic theory should
Czech name
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Czech description
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Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50201 - Economic Theory

Publication year
2022
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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