A common finding of many analytical models is the existence of multiple equilibria of corruption. Countries characterized by the same economic, social and cultural background do not necessarily experience the same levels of corruption. In this article, we use Kernel Density Estimation techniques...

In a two-step econometric approach that corrects for selectivity bias, we analyse the determinants of the probability of succession and the timing of succession or closure in a unique sample of 233 North-German family farms. We set up the succession decision as an intertemporal optimization...