We consider a random dynamical system in which the state space is an interval, and possible laws of motion are monotone functions. It is shown that if the Markov process generated by this systemâ€¦ (More)

In this review we bring together some results on random dynamical systems and indicate their applications to economics. A random dynamical system is described by a triplet (S, Î“,Q) where S is theâ€¦ (More)

Iteration of randomly chosen quadratic maps defines a Markov process: Xn+1 = Îµn+1Xn(1 âˆ’ Xn), where Îµn are i.i.d. with values in the parameter space [0, 4] of quadratic maps F Î¸ (x) = Î¸x(1 âˆ’ x). Itsâ€¦ (More)

This paper develops a game-theoretic model of Â“petty corruptionÂ”by government oÂ¢ cials. Such corruption is widespread, especially (but not only) in developing and transition economies. The model goesâ€¦ (More)

During the last two decades West Bengal has led the rest of the country with regard to agricultural performance and implementation of panchayat institutions. But these developments have begun toâ€¦ (More)

This note reports part of a larger study of Â“petty corruptionÂ”by government bureaucrats in the process of approving new business projects. Each bureaucrat may demand a bribe as a condition ofâ€¦ (More)

Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available at http://www.jstor.org/about/terms.html. JSTOR's Terms and Conditions of Use provides, inâ€¦ (More)

This paper analyzes Â“InÂ‡uence PeddlingÂ”with interaction between human capital transfer and collusion-building aspects in a model, in which each government oÂ¢ cial regulates multiple Â…rmsâ€¦ (More)