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This paper builds on Faure-Grimaud and Martimort’s [Economics Letters 71 (2001) 75-82] analysis of intermediated contracting. I argue that intermediated contracting permits one form of auditing, in which the sub-contract offered to the firm is examined, contingent on the intermediary’s...
Persistent link: https://www.econbiz.de/10005135017
Governmental contracts may be renegotiated after political changes. Current governments can anticipate this and strategically distort contracts to influence renegotiation outcomes. In this sequential common agency game, the initial contract impacts elements of the renegotiation process: outside...
Persistent link: https://www.econbiz.de/10005407570
which multiple sources of information – from the bureaucracy, an interest group, or a legislature’s own in-house development … – can be brought to bear on policy. Lobbyists begin this process by selecting a venue – Congress or a standing bureaucracy …
Persistent link: https://www.econbiz.de/10005560982
This work is focused on identifying a circular pull production control system (PPCS) and make emphasis on the presence of a stability attribute. It is an introductory paper to an extended study of macroeconomic financial stability in a physically open but systemic closed system. Previous work...
Persistent link: https://www.econbiz.de/10005126234
illustrate the interrelationships between natural resources, corruption and economic growth in Nigeria. We proposed anti-corruption …
Persistent link: https://www.econbiz.de/10005076578
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
’s corruption levels. Examining a large sample of countries covering a 20-year long period, we found robust empirical support for … the fact that increases in import openness do indeed cause reductions in corruption, a crucial aspect of governance. The … corruption is close to one third of that exercised by the level of development. Some cautious policy conclusions are derived. …
Persistent link: https://www.econbiz.de/10005408075
institutions and corruption. A simple game theoretic model is built to show that corruption produces a tragedy of the anticommons …. It is also shown that coordinated corruption or 'maffia' behaviour produces a better use of resources than uncoordinated … corruption. …
Persistent link: https://www.econbiz.de/10005412527
This paper discusses the issue of perceptions and their influence on economic processes focusing on corruption … perception. The higher the perceived corruption in an organization is, the more probable it is that a person dealing with that … organization would offer a bribe, thus supporting corruption. Since corruption perceptions are rarely based on actual experience …
Persistent link: https://www.econbiz.de/10005556942
We are increasingly cognizant of the limits to large cross-country empirical studies in trying to understand in-depth a particular country reality, in ways useful for advice. At the same time, merely relying on a single country account at a particular point in time ignores the historical and...
Persistent link: https://www.econbiz.de/10005118669