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International Failure? By Manuel Mahler-Hutter
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Fifteen years after Dayton it is more than evident that the international intervention in Bosnia failed in the political and economical consolidation of the country. The current status has become a... More > valuable thing to the local elites, whereas the international community shifted its focus from democracy building to implementing liberal markets, which fails due to the nature of the intervention and the ethnic divide. The international community as well as the local elites keeps a democratic facade, while the democratic participation is very limited. The intervention as well as the local government in BiH are on their way from un- to postdemocratic state and, though focusing on it, fundamentally fail economic consolidation.< Less
On the Economic Modeling of Corruption By Manuel Mahler-Hutter
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This work discusses the economic literature on Corruption. I draw the distinction between market- and parochial corruption. The institutions and the corrupt contract are the base of the following... More > analysis. Corruption happens within a Principal-Agent relationship. Corruption may flourish if economic rents exist, the costs of corruption are low or if the agents have large discretionary power. I discuss whether corruption always has to have negative influence on economic efficency. The empirical part analysis the influence of certain determinantson the CPI. The main findings are: • Corruption can be reduced by increasing the availability of means of communication to a large part of the citizens. • Higher political interest may lead to less corruption due to increased sensitivity towards authority's actions. • Direct regulations of the freedom of trade or entry to business increase the level of corruption; or the level of corruption decreases the ease of trading and doing business.< Less

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API Security API Security By Lee Brandt et al.
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