Should oil-rich countries aggressively move toward downstream and invest in the oil refinery industry? This is a crucial energy policy question for such economies. We offer theoretical models for a vertical integration strategy (i.e. downstream investment) within an oil-producing economy. The...

Leaders are role models that affect their employees' efforts. The effect depends on how much an employee identifies with the "boss" Since this degree of identification is necessarily private information of the employee, additional financial incentives must be provided. Therefore, we study a...

Corruption all over the world is an ancient, but it seems very topical too, concern in politics and in the media. This paper investigates spatial and dynamic aspects of corruption using cellular automata. Although cellular automata are very simple, deterministic machines and thus crude...