In this paper, we discuss how fraud losses impact the price structure chosen by a monopolistic payment platform, if … merchants can invest in fraud detection technologies. We show that liability rules bias the structure of the prices charged by …. If consumers are liable for fraud, the profit-maximizing price structure is neither biased in favor of consumers nor …

common sanction for this kind of fraud in the USA and in some European countries. …

incidence of corruption is another distinctive feature of SSA. According to the last Transparency International Corruption … Perception Index almost 70% of SSA countries ranked register score below 3, indicating that corruption is perceived as rampant …. However, to the best of our knowledge the corruption and informality nexus has never been explored in comprehensive empirical …

consider that registration provides at least partial protection from corruption. Besides, access to information, the market and …

shows that the two traditional visions of the consequences of corruption on trade coexist. …