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How to Break the Bandwagon Effect of Corruption

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  • samy, Pazhani

Abstract

Corruption is considered as the most challenging issues of present economies of the world due to its impact on institutions, values and the sustainable development. It restricts almost all form of economic activities through redirecting the finance into unpredictable directions and weakens the economics system which locked as many countries continued to fail in controlling the corruption significantly. According to the World Corruption Perception Index (2018) India stands 78th rank out of 180 countries surveyed even after numerous policies adopted from the independence by the government of India to rectify it. Corruption is a behavioral aspect and the available literature on interlinking of corruption behavior and the Economics behind it are not well documented connecting various theories and their application of controlling corruption which triggers a call for integrated attempt to enquire into the behavioral Economics of corruption and to identify the relevant solution to rectify it. This paper is attempted to fill this gap in research by exploring the behavior of corruption in the light of the micro economic theory of consumer behavior called Bandwagon effect in the society. The paper identify the interlink age among corruption behavior, and bandwagon effect and the Economics of information and explored that how the (includes asymmetric) information can be fine tuned towards mitigating the bandwagon effect and corruption.

Suggested Citation

  • samy, Pazhani, 2019. "How to Break the Bandwagon Effect of Corruption," MPRA Paper 92729, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:92729
    as

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    File URL: https://mpra.ub.uni-muenchen.de/92729/1/MPRA_paper_92729.pdf
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    References listed on IDEAS

    as
    1. Richard L. Daft & Robert H. Lengel, 1986. "Organizational Information Requirements, Media Richness and Structural Design," Management Science, INFORMS, vol. 32(5), pages 554-571, May.
    2. Tanja Rabl, 2011. "The Impact of Situational Influences on Corruption in Organizations," Journal of Business Ethics, Springer, vol. 100(1), pages 85-101, April.
    3. Michael L. Katz & Carl Shapiro, 1994. "Systems Competition and Network Effects," Journal of Economic Perspectives, American Economic Association, vol. 8(2), pages 93-115, Spring.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Bandwagon Effect and Corruption; Controlling Corruption; Behavioral Economic approach to corruption; Network Externality of Corruption; Asymmetric information for the Corruption Market Failure; Breaking the bandwagon effect; Micro economic theory and corruption; making the corruption market failure;
    All these keywords.

    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • D5 - Microeconomics - - General Equilibrium and Disequilibrium
    • D53 - Microeconomics - - General Equilibrium and Disequilibrium - - - Financial Markets
    • D6 - Microeconomics - - Welfare Economics
    • D62 - Microeconomics - - Welfare Economics - - - Externalities
    • G2 - Financial Economics - - Financial Institutions and Services
    • P0 - Political Economy and Comparative Economic Systems - - General

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