Abstract
We describe recent advances in the study of rent seeking and corruption in financial markets. We outline three areas of inquiry: (a) conceptualizing rent seeking, (b) identifying rent-provision channels and their general equilibrium impact, and (c) designing feasible remedial mechanisms. We provide suggestions for making further progress in these areas and review a variety of approaches taken in the recent literature.
Original language | English (US) |
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Pages (from-to) | 579-600 |
Number of pages | 22 |
Journal | Annual Review of Economics |
Volume | 3 |
DOIs | |
State | Published - 2011 |
Externally published | Yes |
All Science Journal Classification (ASJC) codes
- Economics and Econometrics
Keywords
- Agency issues
- Financial market design and regulation