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ERIC Number: EJ775135
Record Type: Journal
Publication Date: 2007
Pages: 10
Abstractor: Author
Reference Count: 11
ISSN: ISSN-0022-0485
Using Supply, Demand, and the Cournot Model to Understand Corruption
Hayford, Marc D.
Journal of Economic Education, v38 n3 p331-340 Sum 2007
The author combines the supply and demand model of taxes with a Cournot model of bribe takers to develop a simple and useful framework for understanding the effect of corruption on economic activity. There are many examples of corruption in both developed and developing countries. Because corruption decreases the level of economic activity and seems more common in developing countries, it is likely to be part of the explanation of the wide disparity of income between rich and poor countries. The model presented could be used in courses on microeconomics, economic growth, public finance, political economy, and economic development. (Contains 5 figures.)
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Publication Type: Journal Articles; Reports - Descriptive
Education Level: Higher Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A