Banerjee, Abhijit; Hanna, Rema; Mullainathan, Sendhil - eSocialSciences - 2012
In this paper, a new framework for analyzing corruption in public bureaucracies is provided. The standard way to model corruption is as an example of moral hazard, which then leads to a focus on better monitoring and stricter penalties with the eradication of corruption as the final goal. An...
