Surveys of businessmen and anecdotal evidence blame intermediary agents (middlemen hired by corporations and individuals) for increasing corruption in the developing world. Although this problem has gained the attention of policy makers, there has been little formal analysis of it in the...

A relatively new type of panel data analysis is becoming more and more topical in the applied econometrics literature as auction mechanisms are being explored in more depth. The typical data utilized in such studies involves repeated measures of auction outcomes, where the variable of interest...