Entry Restrictions, Corruption and Extortion in the Context of Transition

Preprint OPEN
Inna Cabelkova;
(2001)
  • Subject: Corruption, extortion, transition | corruption; extortion; transition
    • jel: jel:P36 | jel:J29 | jel:P29 | jel:K42 | jel:H89

This paper argues that even temporary barriers to entry present at the very beginning of transition may lead to permanent extortion development. Entry restrictions, if binding, lead to excess profits, which create an incentive to extort. The emergence of extortionists r... View more
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