Showing 1 - 10 of 5,315
In this paper we generalize a one-dimensional optimal control problem with DNSS property to a two-dimensional optimal control problem. This is done by taking the direct product of the model with itself, i.e. we combine two similar system dynamics under a joint objective functional that is...
Persistent link: https://www.econbiz.de/10010573020
Persistent link: https://www.econbiz.de/10011792237
Persistent link: https://www.econbiz.de/10012798783
Persistent link: https://www.econbiz.de/10011773290
Persistent link: https://www.econbiz.de/10011584366
This paper analyzes corruption as a collusive act which requires the participation of two willing partners. An agent … consequently has multiple equilibria. The economy can be in stable equilibrium with a high or low level of corruption.Starting from … the high-corruption equilibrium, a sufficient increase in vigilance triggers a negative cascade, leading the economy to a …
Persistent link: https://www.econbiz.de/10005086813
Persistent link: https://www.econbiz.de/10014549079
Persistent link: https://www.econbiz.de/10008458213
This paper provides a theoretical analysis of the relationship between public sector motivation and development. In the model the public sector produces a public good and workers are heterogeneous in terms of public sector motivation (PSM). Wages in the private sector are increasing in the...
Persistent link: https://www.econbiz.de/10005661470
Persistent link: https://www.econbiz.de/10012649685