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Corrupt arrangements are characterized by a high risk of opportunism: double-dealing, whistle-blowing and extortion are significant uncertainties for participants in corrupt transactions. This paper demonstrates how legislators may use an asymmetric design of (criminal) sanctions and leniency...
Persistent link: https://www.econbiz.de/10010300175
Corruption among central banks induces distorted policies by, first, increasing the inflation bias and, second … bankers with similar preferences, corruption might be tolerated as an instrument of bringing factual policies more in line …
Persistent link: https://www.econbiz.de/10009424461
to disband the "pact of silence" characteristic of corrupt arrangements. -- Corruption ; Asymmetric Sanctions …
Persistent link: https://www.econbiz.de/10009424464
Recent empirical studies claim that, in addition to levels of corruption, investors are deterred by its … unpredictability. I claim instead that it is petty corruption that deters investors. I employ seven subcomponents of corruption for a … this data depicts a grand, political type, embracing corruption in government policymaking and in judicial decisions as …
Persistent link: https://www.econbiz.de/10009424465
Data on the perceived levels of corruption from a cross-section of countries has been introduced fruitfully into recent … empirical research. This chapter reviews studies on the consequences and causes of corruption. It includes research on the … impact of corruption on investment, GDP, institutional quality, government expenditure, poverty, international flows of …
Persistent link: https://www.econbiz.de/10009424472
Governments and private firms try to contain corruption among their staff mostly in a top-down, rules-based approach …-tolerance, debarment or the nullity of contracts. While top-down elements are indispensable for containing corruption they must be designed … well in order to avoid discouraging the bottom-up endeavors. -- Corruption ; whistle-blowing ; contract penalties …
Persistent link: https://www.econbiz.de/10009425280
We let students play a corruption game, embedded into a variant of the ultimatum game. Those allotted the role of … negative reciprocity. -- Corruption ; ultimatum game ; whistleblowing ; gender ; signaling ; trust …
Persistent link: https://www.econbiz.de/10009425287
-givers should be punished for giving bribes, but not for accepting the bribetakers' reciprocity. -- corruption ; asymmetric …
Persistent link: https://www.econbiz.de/10003415649
Corrupt arrangements are characterized by a high risk of opportunism: double-dealing, whistle-blowing and extortion are significant uncertainties for participants in corrupt transactions. This paper demonstrates how legislators may use an asymmetric design of (criminal) sanctions and leniency...
Persistent link: https://www.econbiz.de/10010954409
Corruption at central banks induces distorted policies by generating a tendency to increase inflation. An inflation …
Persistent link: https://www.econbiz.de/10010980758