IDEAS home Printed from
   My bibliography  Save this paper

A Theory Of Corruption


  • Rajesh Chakrabarti

    (University of Alberta)


Most theoretical studies of corruption tend to focus on the micro models of the phenomenon studying individual acts of corruption, while the empirical papers typically study corruption at the country level. This paper builds an agent-based computational dynamic general equilibrium model of corruption. It views corruption as a risky activity with harmful macro effects. Individual choice of corruption levels lead to a societal level of corruption, which in turn, affects the risk and return of corruption at the individual level. Using simulations in a multi-generational setting with heterogeneous agents, it demonstrates that societies have locally stable equilibrium levels of corruption that depend upon a small number of socio-economic factors. It shows that under certain conditions it is possible for corruption to go on an ever-increasing trajectory till it stifles all economic activity.

Suggested Citation

  • Rajesh Chakrabarti, 2000. "A Theory Of Corruption," Computing in Economics and Finance 2000 269, Society for Computational Economics.
  • Handle: RePEc:sce:scecf0:269

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sce:scecf0:269. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Christopher F. Baum). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.