Showing 1 - 10 of 32
This paper presents a dynamic model of the reinsurance market for catastrophe risks. The model is based on the classical capacity-constraint assumption. Reinsurers choose every year the quantity of risk they cover and the level of external capital they raise to cover these risks. The model...
Persistent link: https://www.econbiz.de/10010738922
We propose an analytical resolution of Schelling segregation model for a general class of utility functions. Using evolutionary game theory, we provide conditions under which a potential function, which characterizes the global configuration of the city and is maximized in the stationary state,...
Persistent link: https://www.econbiz.de/10008793002
This paper is concerned with groundwater management issues in the presence of rainwater harvesting (RWH). Namely, we propose a two-state model in order to take into account the standard dynamics of the aquifer and the dynamics of the storage capacity since the collected rainwater reduces the...
Persistent link: https://www.econbiz.de/10008794126
This paper investigates empirically the relationships between the corruption climate and the demand for good governance … accountability as well as the firm's behavior in terms of corruption practices. While there is a growing theoretical literature on … the importance of externality mechanisms of corruption phenomena, little empirical evidences has been highlighted. This …
Persistent link: https://www.econbiz.de/10009004911
While methodologies and survey techniques recorded progress over the years, corruption measurement remains a many …-headed monster. Since 2003 and the first publication of Transparency International's Global Corruption Barometer, researchers have … access to population's feeling about the corruption scourge across institutions. Thereby, wider room emerged for populations …
Persistent link: https://www.econbiz.de/10009323507
This paper explores the role of corruption in a two-country model with fiscal spillovers. In the absence of cooperation … on governance issues, countries always have a strategic incentive to appoint policymakers whose aversion to corruption is … lower than average. An international agreement is a precondition for placing corruption fighters at the head of governments. …
Persistent link: https://www.econbiz.de/10009277879
We explore the consequences of bad governance and corruption for public debt and welfare in a model of policymaking … point of this paper is that corruption can enhance welfare in two ways: first, by mitigating the inflationary bias of … accumulation. The paper thus invokes the lack of interest for explaining the prevalence of corruption in countries with low …
Persistent link: https://www.econbiz.de/10009278335
Du point de vue de l'analyse économique, la corruption tire ses spécificités de l'imbrication de deux contrats aux … objectifs divergents. La corruption est définie comme un accord illégal, ou pacte de corruption, liant un agent à un corrupteur … corruption, la revue de la littérature proposée ici articule les développements récents de l'analyse microéconomique de la …
Persistent link: https://www.econbiz.de/10010738520
bureaucrat's total revenue from corruption, but it may also increase the risk of expropriation and the extortion bribes paid by …
Persistent link: https://www.econbiz.de/10010739035
This paper investigates links between corruption and collusion in procurement. A first-price multiple-object auction is …. The agent may be corrupt, i.e. willing to "sell" his decision in exchange for a bribe. Our main result shows that the … conveys value to the agent's decision power. Second, self-interested abuse of discretion to extract rents (corruption …
Persistent link: https://www.econbiz.de/10010739053