Corruption: A Theoretical Note
Proceedings of International Bata Conference for Ph.D. Students and Young Researchers, 2007
7 Pages Posted: 31 Oct 2010 Last revised: 16 Aug 2011
Date Written: February 15, 2007
In this paper, I argue that neoclassical equilibrium models are not suitable theoretical tools for solving the corruption problem. In the first section, I set a general definition of corrupt action and I explain its nature. In the second section, I present arguments against the equilibrium state and subsequently offer suggestions for a proper theoretical approach to the problem of corruption. The last section is conclusion.
Keywords: Bribary, corruption, conflict, perfect information, equilibrium
JEL Classification: D41, B12, B25
Suggested Citation: Suggested Citation