Principle of Quadratic Fines for Inspection and Corruption Games - Seminar on Dynamic Games and Applications

Principle of Quadratic Fines for Inspection and Corruption Games - Seminar on Dynamic Games and Applications

Explore a 52-minute seminar on dynamic games and applications focusing on the principle of quadratic fines for inspection and corruption games. Delve into Vassili N. Kolokoltsov's research on generalized evolutionary approaches to illegal logging and other violations. Examine the two-level hierarchy model of corruption involving local inspectors and higher authorities, leading to switching generalized replicator dynamics. Discover the "principle of quadratic fines" and its effectiveness in controlling violation levels. Learn about recent developments demonstrating the robustness of this principle through various model extensions.