The Shadow Economy and Morals: A Note

Episode von Volkswirtschaft - Open Access LMU - Teil 01/03 von Ludwig-Maximilians-Universität München · 1. Januar 1985

If the established rules are obeyed spontaneously in an economy, this increases economic efficiency since the uncertainties, monitoring costs and incentive problems induced by opportunism can be avoided. Opportunism will be increasedby increasing the incentives for unlawful behaviour, however, and a slight increase in these incentives might cause a cumulative and self-nourishing breakdown of morals. The dangers of the growing shadow economy are louring here.

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