Committing to Transparency to Resist Corruption
نویسندگان
چکیده
to commit to transparent behavior in a competitive information beauty contest managed by a corrupt agent. In his contract, the agent has some discretion to favor a firm in commitment to transparency is never incentive compatible, but conditional commitment mechanism can eliminate discretion is strong and the market's profitability is small that a commit. In that situation, the high quality firms commit when but some conditions on firms' beliefs are required when announced. A mechanism combining both conditionality and a that need not be large) allows to completely eliminate
منابع مشابه
N ° 2010 - 18 Committing to transparency to resist corruption Frédéric
This paper examines firms’ incentives to commit to a transparent behavior (that precludes bribery) in a competitive procedure modeled as an asymmetric information beauty contest managed by a corrupt agent. In his evaluation of firms’ offers for a public contract the agent has some discretion to favor a firm in exchange of a bribe. It is shown that a conditional commitment mechanism can eliminat...
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