Showing 1 - 10 of 42
This paper studies a target-based procedure to rank lotteries that is normatively and observationally equivalent to the expected utility model. In view of this equivalence, the traditional utility-based language for decision making may be substituted with an alternative target-based language....
Persistent link: https://www.econbiz.de/10005118565
This paper describes a parametric family of utility functions for decision analysis. The parameterization is obtained by embedding the HARA class in a four-parameter representation for the risk aversion function. The resulting utility functions have only four shapes: concave, convex, S-shaped,...
Persistent link: https://www.econbiz.de/10005118574
illustrate the interrelationships between natural resources, corruption and economic growth in Nigeria. We proposed anti-corruption …
Persistent link: https://www.econbiz.de/10005076578
corruption on the one hand, and growth and investment on the other, and it highlights the costs to economies where the state is …
Persistent link: https://www.econbiz.de/10005077053
grounds. The first is that they prevent corruption, the second is that they democratize the financing of campaigns by …
Persistent link: https://www.econbiz.de/10005125869
traditional anticorruption measures such as the increase in corruption costs or the organization of public education campaigns … would not permanently reduce corruption levels if poverty remains diffused. Using an overlapping generation model based on a … mechanism of cultural transmission, we study the evolution both of social attidudes towards bureaucratic corruption and the …
Persistent link: https://www.econbiz.de/10005125941
corruption. It shows that an improvement in institutional quality reduces the shadow economy and affects the corruption market …. The exact relationship between corruption and institutional quality is, however, ambiguous and depends on the relative … effectiveness of the institutional quality in the shadow and corruption markets. The predictions of the model are empirically tested …
Persistent link: https://www.econbiz.de/10005125947
The causes and consequences of corruption have attracted much attention in recent years by both academics and policy … makers. Central in the discussion on the impact of corruption are perception-based indices. While informative, these indices … are ordinal in nature and hence provide no indication of how much economic loss is attributed to corruption. Arguably …
Persistent link: https://www.econbiz.de/10005125948
Corruption scandals seem to abound in countries that have recently undergone reform. Despite the proliferation of …—actually causes an increase in corruption. Theory provides no guidance as to the direction of causality—on the one hand, reforms make … politicians accountable to voters, as well as introduce more competition, which should decrease corruption. On the other hand, the …
Persistent link: https://www.econbiz.de/10005125949
survey of enterprises carried out for the GCR, we find that firms from emerging economies single out corruption and excessive …
Persistent link: https://www.econbiz.de/10005126032