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overall likelihood of bribing tends to a maximum determined by the control mechanisms. The factors affecting the expectation … aimed at continuously perfecting the regulations and the control mechanisms. As the latter are expensive, it is argued that … the overall efficiency of the system, including but beyond control of corruption. …
Persistent link: https://www.econbiz.de/10005408440
This note examines the Integrity Pact (IP) methodology proposed by Transparency International to confront the problem of corruption in public procurement. The examination draws from a decision model for participants developed elsewhere, in which the critical elements are shown to be the...
Persistent link: https://www.econbiz.de/10005556938
The idea of architectures of control is introduced through examples ranging from urban planning to digital rights …
Persistent link: https://www.econbiz.de/10005118858
This paper distinguishes between governance structure and contractual form. The basic premise is that researchers often confuse these two concepts when they develop or empirically test models within the transaction cost framework. In the paper I utilize a simple principal- agent model to show...
Persistent link: https://www.econbiz.de/10005561837