Most real world situations that are susceptible to herding are also characterized by direct payoff externalities. Yet … effects, first-mover advantage, etc.) in a standard information-based herding model. Our results are based on an internet … experiment with more than 6000 subjects, including a subsample of 267 consultants from an international consulting firm. We also …

The economics literature provides ample evidence that higher corruption discourages FDI inflows. In this paper we … inflows on corruption. We present a simple model that illustrates the two-way relationship between foreign direct investment … and corruption, identifying exactly the direction of causality that we address: how do “exogenous“ variations in FDI …

and decreasing in officials' corruption. In contrast to the "tollbooth view" of regulation, the standard chosen by a self …-interested government is a non-monotonic function of officials' corruption, and can be either lower or higher than that chosen by a …-capita income, and negatively with corruption, consistently with the model's predictions for benevolent governments …

are desperate, vulnerable, or demanding services particularly prone to corruption. The effect is strongest for bribery of …

by inefficiencies and corruption. We examine this hypothesis by exploiting an unusual policy experiment: A newspaper …

Is corruption systematically related to electoral rules? A number of studies have tried to uncover economic and social … determinants of corruption but, as far as we know, nobody has yet empirically investigated how electoral systems influence … corruption. We try to address this lacuna in the literature, by relating corruption to different features of the electoral system …