The article analyzes how economic theory usually investigates corruption. It describes the main traditional economic … face some problems, especially their neglect of some important factors as to why corruption occurs which prevents them from … environment in which corruption occurs. Redistribution system theory can serve as a useful aid here because it reveals that the …

In many auctions, the auctioneer is an agent of the seller. This delegation invites corruption. In this paper we … propose a model of corruption, examine how corruption affects the auction game, how the anticipation of corruption affects … that may prevent corruption, and compare them to the fee schedules employed by major auction houses. …

with different levels of corruption. The research is of a deductive nature and complemented by a descriptive quantitative … corruption in the private sector and gives further insight into the influence of wages on corruptibility, as well as the … usability of the principal-agent theory in the field of corruption. …