Institutional Corruption: A Fiduciary Theory

Foreword: "Institutional corruption" defined.

A Cognitive Theory of Fiduciary Relationships

Corruption and the Institutional Environment for Growth

Several cross-country studies have found that corruption is detrimental to economic growth, but the findings are not universally robust. We utilize the economic freedom index to examine if corruption can facilitate growth by allowing entrepreneurs to avoid inefficient policies and regulations when economic freedom is limited. Using regression analysis, we find that corruption is growth enhancin...

Institutional Corruption and the Pharmaceutical Industry

Today, the goals of pharmaceutical policy and medical practice are often undermined due to institutional corruption — that is, widespread or systemic practices, usually legal, that undermine an institution’s objectives or integrity. In this symposium, 16 articles investigate the corruption of pharmaceutical policy, each taking a different look at the sources of corruption, how it occurs, and wh...

A Simple Theory of Harassment and Corruption

This paper introduces ‘harassment’ in a simple model of bribery and corruption. With fixed costs of ‘harassment’, people belonging to the higher income group enjoy more benefit relative to the poorer section of the society. An equilibrium is likely where the poor favor a system without ‘harassment’ but the affluent ones do not.