-- Managing risky bids / Andreas Engel, Juan-Jose Ganuza, Esther Hauk and Achim Wambach -- Preventing collusion and corruption …. Marx and Matthew E. Raiff -- Corruption in procurement auctions / Yvan Lengwiler and Elmar Wolfstetter -- Dynamic forces …

In transition and developing countries, we observe rather high levels of corruption even they have democratic political … corruption levels. Our model based on the fact that corrupt officials have to pay an entry fee to get lucrative positions. In a … probabilistic voting model, we show that a lack of financial institutions can lead more corruption as more voters are part of the …