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Corruption has a significant impact on economic growth, democracy, and inequality. It has severe consequences at the human level are incalculable. Public procurement, where public resources are used to purchase goods or services from the…

Applications · Statistics 2022-12-16 Andrea Falcón-Cortés , Andrés Aldana , Hernán Larralde

The dynamical evolution of many economic, sociological, biological and physical systems tends to be dominated by a relatively small number of unexpected, large changes (`extreme events'). We study the large, internal changes produced in a…

Disordered Systems and Neural Networks · Physics 2009-11-07 D. Lamper , S. Howison , N. F. Johnson

There are numerous geo-climatic and human factors that contribute to the occurrence of natural disasters in the real-world scenario. Besides the study of causes and preconditions of such calamities, post-disaster analysis is essential for…

Numerical Analysis · Mathematics 2022-05-26 Sukeerthi Mandyam , Shanmuga Priya , Shalini Suresh , Kavitha Srinivasan

Social vulnerability is the susceptibility of a community to be adversely impacted by natural hazards and public health emergencies, such as drought, earthquakes, flooding, virus outbreaks, and the like. Climate change is at the root of…

Human-Computer Interaction · Computer Science 2023-01-10 Darius Coelho , Nikita Gupta , Eric Papenhausen , Klaus Mueller

The quality of governance of institutions, corporations and countries depends on the ability of efficient decision making within the respective boards or cabinets. Opinion formation processes within groups are size dependent. It is often…

Physics and Society · Physics 2015-05-13 Peter Klimek , Rudolf Hanel , Stefan Thurner

Indirect reciprocity is a plausible mechanism for sustaining cooperation: people cooperate with those who have a good reputation, which can be acquired by helping others. However, this mechanism requires the population to agree on who has…

Theoretical Economics · Economics 2024-08-30 Taylor A. Kessinger , Joshua B. Plotkin

Disease outbreaks force the governments to rapid decisions to deal with. However, the rapid stream of decision-making could be costly in terms of the democratic representativeness. The aim of the paper is to investigate the trade-off…

Physics and Society · Physics 2020-09-18 A. E. Biondo , G. Brosio , A. Pluchino , R. Zanola

For centuries, national economies created wealth by engaging in international trade and production. The resulting international supply networks not only increase wealth for countries, but also create systemic risk: economic shocks,…

General Economics · Economics 2021-12-02 Abhijit Chakraborty , Tobias Reisch , Christian Diem , Stefan Thurner

In the current environment of financial distress, many governments are likely to soon become major holders of financial assets, but the policy debate focuses only on the likelihood and extent of short-term market stabilization. This paper…

General Finance · Quantitative Finance 2016-09-08 Philip Maymin

Trust is often conveyed through delegation, or through recommendation. This makes the trust authorities, who process and publish trust recommendations, into an attractive target for attacks and spoofing. In some recent empiric studies, this…

Cryptography and Security · Computer Science 2008-10-24 Dusko Pavlovic

In contemporary society, the effective utilization of public resources remains a subject of significant concern. A common issue arises from defectors seeking to obtain an excessive share of these resources for personal gain, potentially…

Dynamical Systems · Mathematics 2024-04-02 Lichen Wang , Yuyuan Liu , Ruqiang Guo , Liang Zhang , Linjie Liu , Shijia Hua

We examine an economy in which interactions are more productive if agents can trust others to refrain from cheating. Some agents are scoundrels, who cheat at every opportunity, while others cheat only if the cost of cheating, a decreasing…

Theoretical Economics · Economics 2024-11-28 Luca Anderlini , Larry Samuelson , Daniele Terlizzese

Taxation constitutes a fundamental component of modern national economic systems, exerting profound impacts on both societal functioning and governmental operations. In this paper, we employ an interdependent network approach to model the…

Physics and Society · Physics 2026-04-13 Qin Li , Ting Ling , Minyu Feng , Attila Szolnoki

An explanation for the political processes leading to the sudden collapse of empires and states would be useful for understanding both historical and contemporary political events. We seek a general description of state collapse spanning…

Physics and Society · Physics 2015-06-16 Daniel John Lawson , Neeraj Oak

The UK Critical National Infrastructure is critically dependent on digital technologies that provide communications, monitoring, control, and decision-support functionalities. Digital technologies are progressively enhancing efficiency,…

Cryptography and Security · Computer Science 2022-08-18 Uchenna D Ani , Jeremy D McK Watson , Nilufer Tuptuk , Steve Hailes , Madeline Carr , Carsten Maple

Corruption has been an important issue as it becomes obstacle to achieve the better and more efficient economic governmental system. The paper defines corruption in two ways, as state capture and administrative corruption to grasp the…

Adaptation and Self-Organizing Systems · Physics 2007-05-23 Hokky Situngkir

Many studies in economics deal with the non-reliability cost to assess insurance fees or investment analyses, but none takes into consideration the mechanical aspect of reliability analysis. Other studies in mechanics give some tools and…

Risk Management · Quantitative Finance 2019-12-16 P-J. Tisserand , M. Ragueneau

This paper examines a government's strategic resource allocation choices when facing an opposing group whose military power is uncertain. We investigate how this uncertainty affects the government's decision to divide resources in a way…

Theoretical Economics · Economics 2024-10-21 Sarah Taylor

The international financial system is currently not yet prepared to face a foreseeable crisis mainly motivated by the dichotomy between the real economy and the virtual economy. Skepticism is widespread even when it comes to investments in…

General Finance · Quantitative Finance 2022-03-24 I Martín-de-Santos

The measurement and mapping of transportation network vulnerability to natural hazards constitute subjects of global interest, especially due to climate change, and for a sustainable development agenda. During a flood, some elements of a…