In this paper we study the welfare effect of a monopoly innovation. Unlike many partial equilibrium models carried out …, the criticism against monopoly innovation based on its increased deadweight loss is less accurate than previously …

the context of monopoly theory, also extending the generalization to a large family of principal-agent programs. Our main …

Fraud is one of the most harmful phenomena, because it leads to collapse of organizations, causes economic downfall of … countries, and destroys faith in a country's capital markets. The impact of fraud is complex and has varying degrees depending … economic and noneconomic variables on fraud using a sample of 41 developed, in transition, and developing European countries …

Regressions and tests performed on data from Transparency International Global Corruption Barometer (GCB) 2004 survey … show that personal or household experience of bribery is not a good predictor of perceptions held about corruption among … the general population. In contrast, perceptions about the effects of corruption correlate consistently among themselves …

This article investigates the relationship between corruption and firm performance in Greece using firm level data …. Corruption is overall negatively associated with firm size and growth at the firm level. We focus on the effect of … 'administrative corruption', whereby firms engage in corrupt practices and bribery of government officials. We contrast the firm …

The paper uses a gravity trade model to examine the impact of corruption on bilateral trade using a data set comprising … OECD economies, new EU members and developing nations. Although the level of corruption of both the importing and exporting …

Kenyans, to the growing betting segment of the Kenyan population, these innovations have also brought great convenience to … betting. The innovations have allowed easy access to digital credit which can be used for betting. Despite betting or gambling …