propose a model of corruption, examine how corruption affects the auction game, how the anticipation of corruption affects … that may prevent corruption, and compare them to the fee schedules employed by major auction houses. …

We investigate a case of political favoritism. Some members of the Bavarian parliament hired relatives as office …

, when rescaling is feasible, private monitoring is more efficient than public monitoring subject to collusion because non …-monetary penalties are ineffective to deter collusion. …

In this paper, we ask how antitrust immunity subject to a carve-out affects collusion incentives in international … density. Under this approximation, the incentives for interhub collusion are no different before and after the emergence of an …

constrain high risk bank investment without simultaneously reducing overall investment volume. However, if collusion between the …

behavior, that takes the form of collusion or blackmail, on the part of members of a simple hierarchical structure. We focus on …-blowing, creates incentives for the uninformed colluding party to walk out of the side deal and report to the principal that collusion …

firms and in the amount of funding they seek. The model can encompass collusion between clients and auditors, arising from … the joint provision of auditing and consulting services: deflecting collusion requires less ambitious standards. Finally …, banning the provision of consulting services by auditors eliminates collusion but may not be optimal in the presence of …