Posted: 31 Aug 2011
Date Written: September 2011
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.
Suggested Citation: Suggested Citation
Khwaja, Asim Ijaz and Mian, Atif R., Rent Seeking and Corruption in Financial Markets (September 2011). Annual Review of Economics, Vol. 3, pp. 579-600, 2011. Available at SSRN: https://ssrn.com/abstract=1920096 or http://dx.doi.org/10.1146/annurev-economics-061109-080310