Last December, downtown Athens experienced three nights of street battles, arson, and looting that became headlines in the international press. We argue that the reasons for this extreme social turbulence are related to the regulatory and institutional rigidities that still prevail in Greece's...

Last December, downtown Athens experienced three nights of street battles, arson, and looting that became headlines in the international press. We argue that the reasons for this extreme social turbulence are related to the regulatory and institutional rigidities that still prevail in Greece's...

In this Chapter is to give an overview of the relevant literature that also provides the necessary starting point to investigate the relationship mentioned above between policy decisions and corruption. Then in section 3.3 we examine briefly what motivates agents to engage in activities that we...