CORRUPTION THEORY AND PRACTICE
Gordon Tullock
Contemporary Economic Policy, 1996, vol. 14, issue 3, 6-13
Abstract:
Corruption is a very widespread phenomenon with most governments having a least some. While corruption usually meets with disapproval, it may have some redeeming features. It may make possible smaller or no salary payments to officials who, if carefully supervised, will still carry out their functions on a fee‐for‐service basis. The purchase of government jobs usually is thought to be corrupt, but in some cases, it has worked out quite well.
Date: 1996
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