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corruption, using a harassment bribery game. In doing so, we also test the Beckerian prediction that at the same level of … expected payoff, a low probability of detection with high fine is a stronger deterrent to corruption than a high probability of … detection with low fine. In Experiment 1, two treatments are designed to study the effect of a low probability of detection with …
Persistent link: https://www.econbiz.de/10012931515
-monetary disincentives to corruption. In doing so, we also test the Beckarian prediction that at the same level of expected payoff, a low … probability of detection with high penalty is a stronger deterrent to corruption than a high probability of detection with low … penalty. In Experiment 1, two treatments are designed to study the effect of a low probability of detection with high penalty …
Persistent link: https://www.econbiz.de/10012960284
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
Corporate and securities laws are seen to mitigate corporate fraud by 'manipulating the incentives of agents': presenting corporate agents with a probability of being caught and punished if they commit fraud. This article suggests that the same laws also affect corporate fraud in a significant...
Persistent link: https://www.econbiz.de/10014052348
Persistent link: https://www.econbiz.de/10011639578
Anticorruption Awareness in Asian Development Bank Projects -- Advisories and Outreach -- "iACT to Fight Corruption!"-2014 … Parties in ADB-Related Activities -- 6 Project Procurement-Related Review Process -- 7 How to Report Fraud and Corruption. …
Persistent link: https://www.econbiz.de/10012682118
1. Introduction -- 2. The purported logic of demonetisation -- 3. Design and implementation of demonetisation -- 4. Initial outcomes -- 5. Macroeconomic consequences -- 6. Inventing a new Utopia -- 7. Conclusion.
Persistent link: https://www.econbiz.de/10013181553
Persistent link: https://www.econbiz.de/10012112413
A constant price level facilitates cooperation among firms whereas steady inflation and deflation rates lower firms' ability to cooperate. In an experimental market with price competition we show that both inflation and deflation signicantly reduce cooperation compared to treatments with a...
Persistent link: https://www.econbiz.de/10010491108
We run a gift-exchange experiment under conditions of monetary neutrality: aggregate changes in nominal wages leave … monetary policy shock after the first half of the experiment. Treatments UP and DOWN vary the direction of the shock. We …
Persistent link: https://www.econbiz.de/10012163067