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JOURNAL OF LEADERSHIP, ACCOUNTABILITY AND ETHICS
Institutional Corruption and Incentive Compatibility
Author(s): Katherine Silz Carson
Citation: Katherine Silz Carson, (2017) "Institutional Corruption and Incentive Compatibility," Journal of Leadership, Accountability and Ethics, Vol. 14, Iss. 3, pp. 10-22
Article Type: Research paper
Publisher: North American Business Press
Abstract:
Many instances of institutional corruption have at their core incentive systems that are not incentive compatible. Consequently, individuals within the institution behave in ways that are contrary to the core mission and values of the institution, resulting in a failure of the institution to accomplish its mission and a loss of public trust. This paper explores the links between incentive compatibility and institutional corruption, and suggests ways to mitigate institutional corruption by reforming the incentive structures within institutions.
