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

See all articles by Tomáš Otáhal

Tomáš Otáhal

Mendel University - Faculty of Economics and Business Administration

Date Written: February 15, 2007

Abstract

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

Otáhal, Tomáš, Corruption: A Theoretical Note (February 15, 2007). Proceedings of International Bata Conference for Ph.D. Students and Young Researchers, 2007, Available at SSRN: https://ssrn.com/abstract=1699874 or http://dx.doi.org/10.2139/ssrn.1699874

Tomáš Otáhal (Contact Author)

Mendel University - Faculty of Economics and Business Administration ( email )

Staňkova 578/16b
Brno, 602 00
Czech Republic

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