We apply the average cost optimality equation to zero-sum Markov games, by considering a simple game with one-sided incomplete information that generalizes an example of Aumann and Maschler (1995). We determine the value and identify the optimal strategies for a range of parameters

In developing countries with weak enforcement institutions, there is implicitly a large reliance on electoral incentives to reduce corruption. In this paper we study the effect of electoral competition on corruption when uncertainty in elections is high, as in many developing countries. Our...

In this paper we study the effect of electoral competition on corruption. Our theory shows that when electoral uncertainty is high, as is expected in many developing countries, there is a U-shaped relationship between electoral competition and corruption. We illustrate the predictions of the...