search query: @author Johnson, S. / total: 9
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| Author: | Johnson, S. Kaufman, D. Zoido-Lobaton, P. |
| Title: | Regulatory discretion and the unofficial economy |
| Journal: | American Economic Review
1998 : MAY, VOL. 88:2, p. 387-392 |
| Index terms: | ECONOMIC CONDITIONS GOVERNMENT REGULATIONS |
| Language: | eng |
| Abstract: | Politicization of economic activity means the exercise of control rights over firms by politicians and bureaucrats. In most countries politicians maintain property rights in firms, typically in the form of residual control rights as defined by Sanford Grossman and Oliver Hart (1986). These control rights may have served an ideological agenda in the past, but they are often used to further the private agenda of politicians and bureaucrats. How widespread are these rights and how damaging are their effects around the world? |
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