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In this paper, we report on an experiment on corruption which investigates various determinants of corruptibility. We … independently of, a possible bribe. Our experiment isolates the influence of self-interest on cooperation from other influences such …
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We investigate experimentally the effects of corrupt experts on information aggregation in committees. We find that non-experts … are significantly less likely to delegate through abstention when there is a probability that experts are corrupt. Such … decreased abstention when the probability of corrupt experts is low, actually increases information efficiency in committee …
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We examine misconduct in credence good markets with price taking experts. We propose a market-level model in which … price-taking experts extract surplus based on the value of their firm's brand and their own skill. We test the predictions … independent experts, despite doing substantially less business. In addition, more experienced experts attract more complaints per …
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