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) |
|---|---|
| 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