A simple model of corruption that takes into account the effect of the interaction of a large number of agents by both rational decision making and myopic behavior is developed. Its stationary version turns out to be a rare example of an exactly solvable model of mean-field-game type. The results show clearly how the presence of interaction (including social norms) influences the spread of corruption by creating certain phase transition from one to three equilibria.

Original languageEnglish
Pages (from-to)34-47
Number of pages14
JournalDynamic Games and Applications
Volume7
Issue number1
DOIs
StatePublished - Mar 2017

    Research areas

  • Corruption, Mean-field games, Stable equilibria, Social norms, Phase transition, PETTY CORRUPTION, CONVERGENCE, EQUILIBRIA, AGENTS

ID: 5806252