Corruption
In this paper, we provide a new framework for analyzing corruption in public bureaucracies. The standard way to model corruption is as an example of moral hazard, which then leads to a focus on better monitoring and stricter penalties with the eradication of corruption as the final goal. We propose...
| Main Authors: | , , |
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| Format: | Working Paper |
| Published: |
Cambridge, MA: Department of Economics, Massachusetts Institute of Technology
2012
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| Subjects: | |
| Online Access: | http://hdl.handle.net/1721.1/69815 |