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project only if a bribe is paid. The bribe for qualified projects (extortion) and unqualified projects (capture) may differ …
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's side effect could entail the risk of capture. Causes are the dominance of the industry's mindset over public finance, the …
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paper, we argue that they may also serve to discourage outside influence or capture by raising its cost. As such, committees … corruptible. We also show that keeping committee members anonymous and accountable for their votes can help deter capture …
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Since the introduction of the European CO2 emissions trading system (EU ETS), the development of CO2 allowance prices is a new risk factor for enterprises taking part in this system. In this paper, we analyze how risk emerging from emissions trading can be considered in the stochastic profit and...
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