Purpose: The purpose of this paper is to study the reasons and decision-making processes of heterogeneous firms’ bribery behavior, and how they will affect an aggregate economy’s development and corruption status. Design/methodology/approach: The authors build a dynamic model to study a...

Purpose: This paper aims to examine how the “wage premium,” the percentage by which wages earned by skilled workers exceed those of unskilled workers, varies across industries characterized by different levels of competitiveness. Design/methodology/approach: A theoretical model employing...