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One can restructure institutions, but if individual-level motivations for corrupt behavior are not understood, these restructuring may not be effective. We introduce an evolutionary-game modeling to deal with the problem of corruption driven by imitative behavior.
Persistent link: https://www.econbiz.de/10011041604
Imitation is the sincerest form of flattery, and we claim the corruption is driven by imitative behavior for those agents facing an institutional design of corruption. So this paper analyzes an individual level approach and tackles the question of why people engage in corrupt exchange. We show...
Persistent link: https://www.econbiz.de/10009367517
We study an imitation game of strategic complementarities between the percentage of high-skilled workers and innovative firms, namely, human capital and R&D, respectively. We show that this model has two pure Nash equilibria, one of them with high investment in R&D and skilled workers while the...
Persistent link: https://www.econbiz.de/10005704497
Persistent link: https://www.econbiz.de/10011450449