The paper explores a game-theoretic model of petty corruption involving a sequence of entrepreneurs and a track of bureaucrats. Each entrepreneur’s project is approved if and only if it is cleared by each bureaucrat. The project value is stochastic; its value is observed only by the entrepreneur, but its distribution is common knowledge. Each bureaucrat clears the project only if a bribe is pai...

The advent of new technology and the 4th industrial revolution has introduced facets corporate crimes regulatory challenges for enforcement anti-corruption laws. Acknowledging negative effects corruption on private sector, governance mechanisms may help reduce in sector by ensuring that corporations are managed best interest corporation shareholders or investors. This article aims to evaluate a...

systematic and widespread corruption; a problem in russia’s transition period russia is among those countries that are grappled with widespread and systematic corruption in state organizations. meanwhile, different russian governments have failed to reduce the scope of corruption. this article studies nature, roots and repercussions of corruption and analyzes approaches to combat it in russia. ...

Although both the academic and policy communities have attached great importance to measuring corruption, most of the currently available measures are biased and too broad to test theory or guide policy. This article proposes a new composite indicator of grand corruption based on a wide range of elementary indicators. These indicators are derived from a rich qualitative evidence on public procu...