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This study explores mechanism design for networks of interpersonal relationships. Agents' social (i.e., altruistic or spiteful) preferences and private payoffs are all subject to asymmetric information; utility is (quasi-)linear, types are independent. I show that any network of at least three...
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centuries and what Economic theory is operate behind it. In this paper an inquiry is made into how the corruption market works … effectively without any intervention. It also explore the possibility of the Ronald Coase theory's to control the corruption and …
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