Research output: Contribution to journal › Article › peer-review
Mean-Field-Game Model of Corruption. / Kolokoltsov, V. N.; Malafeyev, O. A.
In: Dynamic Games and Applications, Vol. 7, No. 1, 03.2017, p. 34-47.Research output: Contribution to journal › Article › peer-review
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TY - JOUR
T1 - Mean-Field-Game Model of Corruption
AU - Kolokoltsov, V. N.
AU - Malafeyev, O. A.
PY - 2017/3
Y1 - 2017/3
N2 - 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.
AB - 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.
KW - Corruption
KW - Mean-field games
KW - Stable equilibria
KW - Social norms
KW - Phase transition
KW - PETTY CORRUPTION
KW - CONVERGENCE
KW - EQUILIBRIA
KW - AGENTS
UR - https://elibrary.ru/item.asp?id=29484462
U2 - 10.1007/s13235-015-0175-x
DO - 10.1007/s13235-015-0175-x
M3 - статья
VL - 7
SP - 34
EP - 47
JO - Dynamic Games and Applications
JF - Dynamic Games and Applications
SN - 2153-0785
IS - 1
ER -
ID: 5806252