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Regular version of the site

Book chapter

Business Organization Model in Highly Corrupted Economy (in Armenia)

P. 54-57.
Hakobyan Z.

This article presents a model of business organization in highly corrupted economy. In real life we always meet “big” firms who win the tender, and hire “little specialized firm” to realize the contract. Our model provides an explanation for puzzling fact why firms which win the government contract in auctions, need to hire someone else to realize the project. In our article Iwill try to show that a firm can use mixed strategy and the amount of bribe will decrease.

In book

Vol. 5. Iss. 1. EDIS - Publishing Institution of the University of Zilina, 2016.