Choosing Agents and Monitoring Consumption: A Note on Wealth as a Corruption-Controlling Device
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We thank Christopher Bliss, Ernesto Dal Bo, Robert MacCulloch and participants at several seminars for helpful discussions and suggestions. An earlier version of this paper was circulated under the title "To Catch a Thief: Wealth as a Corruption Controlling Device". The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.