The Economics of Corruption and Bureaucratic Inefficiency in Week States: Theory and Evidence: 12 (Kollektive Entscheidungen, Wirtschaftspolitik Und Offentlich) - Softcover

This monograph surveys recent developments in the political economy literature addressing the incentive problems of political decision making, and helps to understand the causes of corruption and bureaucratic inefficiency in countries that lack a constitutional order. Using a principal-agent theoretical framework, the author shows how corruption and patronage may reduce political instability, thus enabling governments in weak states to provide public goods which would otherwise be missing, even though such an institutional arrangement is usually self-defeating in the long run. The theoretical results are used to offer a stylized interpretation of the political history of the Mexican state."

Luis G. Gonalez Morales studied Economics at the Instituto Tecnologico y de Estudios Superiores de Monterrey, in Mexico. From 1999 to 2002 he was enrolled in the doctoral program Allocation Theory, Economic Policy and Collective Decisions, jointly hosted by the Universitat Dortmund and the Ruhr-Universitat Bochum, in Germany. Since August 2002, he is visiting researcher at the Max Planck Institute for Research into Economic System in Jena.