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003 IEF
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008 170518s2017 DEU|| #####0 b|ENG|u
040 _aIEF
041 _aENG
100 1 _aDesierto, Desiree A.
_965376
245 _aProhibition versus taxation in corrupt environments
_c by Desiree A. Desierto and John V. C. Nye
260 _c2017
500 _aDisponible en línea a trevés de la Biblioteca del Instituto de Estudios Fiscales. Bibliografía. Resumen.
650 4 _aCORRUPCION
_941326
650 4 _aCONTROL
_940745
650 4 _aPOLITICA FISCAL
_948067
650 4 _aIMPUESTOS
_947460
520 _aIf corruption is rife and tolerated by society, prohibiting the production of a good with negative social costs may be more efficient at limiting quantity than legalizing and taxing producers. It becomes incentive-compatible for a corrupt government to enforce prohibition and credibly limit supply in order to extract bribesfrom illegal producers. In equilibrium, total quantity is low. In contrast, when thegood is legal and taxed, a corrupt government can extract rents only by expropriatingthe tax revenues. Thus, it prefers a larger market in order to generate more taxes, and quantity is higher. (JEL: D21, D23, H41)
700 1 _aNye, Joseph S.
_931585
773 0 _tJournal of Institutional and Theoretical Economics : JITE
_gp. 239-252
942 _cART
942 _z147950
999 _c60906
_d60906