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Schlicht, Ekkehart ORCID logoORCID: https://orcid.org/0000-0001-8227-5451 (1985): The Shadow Economy and Morals: A Note. In: Gaertner, Wulf and Wenig, A. (eds.) : The economics of the shadow economy. Berlin: Springer. pp. 265-271 [PDF, 797kB]


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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