Showing 1 - 10 of 63
This paper presents a study intended to demonstrate how the Financial Market Authority (AMF) in France uses its regulatory and sanctioning powers with regard to brokers, listed companies and other actors (individuals) in the financial industry during the period 2006-2011. The AMF actions are...
Persistent link: https://www.econbiz.de/10010775229
trader fraud on European carbon allowances markets. This fraud occurred mainly between the end of 2008 and the beginning of … 2009. In this paper, we explore the financial mechanisms of the fraud and the impact on the market behaviour as well as the …
Persistent link: https://www.econbiz.de/10010603689
We survey recent developments in the economic analysis of insurance fraud. The paper first sets out the two main … approaches to insurance fraud that have been developped in the literature, namely the costly state verification and the costly … be deterministic or random, and it can be conditioned on fraud signals perceived by insurers. Under costly state …
Persistent link: https://www.econbiz.de/10010821286
In this article we develop a dynamic model where an endogenous evolution of trust impacts a politician's choice for bribe-taking and tax re-distribution. The politician obtains utility from net income that comes from his wage income, tax embezzlements and bribe-taking, and he also has incentives...
Persistent link: https://www.econbiz.de/10010598204
This paper investigates empirically the relationships between the corruption climate and the demand for good governance … accountability as well as the firm's behavior in terms of corruption practices. While there is a growing theoretical literature on … the importance of externality mechanisms of corruption phenomena, little empirical evidences has been highlighted. This …
Persistent link: https://www.econbiz.de/10009004911
While methodologies and survey techniques recorded progress over the years, corruption measurement remains a many …-headed monster. Since 2003 and the first publication of Transparency International's Global Corruption Barometer, researchers have … access to population's feeling about the corruption scourge across institutions. Thereby, wider room emerged for populations …
Persistent link: https://www.econbiz.de/10009323507
This paper explores the role of corruption in a two-country model with fiscal spillovers. In the absence of cooperation … on governance issues, countries always have a strategic incentive to appoint policymakers whose aversion to corruption is … lower than average. An international agreement is a precondition for placing corruption fighters at the head of governments. …
Persistent link: https://www.econbiz.de/10009277879
We explore the consequences of bad governance and corruption for public debt and welfare in a model of policymaking … point of this paper is that corruption can enhance welfare in two ways: first, by mitigating the inflationary bias of … accumulation. The paper thus invokes the lack of interest for explaining the prevalence of corruption in countries with low …
Persistent link: https://www.econbiz.de/10009278335
Du point de vue de l'analyse économique, la corruption tire ses spécificités de l'imbrication de deux contrats aux … objectifs divergents. La corruption est définie comme un accord illégal, ou pacte de corruption, liant un agent à un corrupteur … corruption, la revue de la littérature proposée ici articule les développements récents de l'analyse microéconomique de la …
Persistent link: https://www.econbiz.de/10010738520
bureaucrat's total revenue from corruption, but it may also increase the risk of expropriation and the extortion bribes paid by …
Persistent link: https://www.econbiz.de/10010739035