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Persistent link: https://www.econbiz.de/10009561563
Persistent link: https://www.econbiz.de/10011722070
We build a principal-agent-client model of corruption, allowing for heterogeneity in the value of public projects relative to the cost of monitoring their execution and for uncertainty of corruptors regarding the value of a project conducted. We derive the conditions under which officials with...
Persistent link: https://www.econbiz.de/10010552487
We build a principal-agent-client model of corruption, allowing for heterogeneity in the value of public projects relative to the cost of monitoring their execution and for uncertainty of corruptors regarding the value of a project conducted. We derive the conditions under which officials with...
Persistent link: https://www.econbiz.de/10014167757