Abstract: This work examines the issue of tax evasion through underreporting activity. We assume that the decisions are described by an evolutionary dynamic process. The game considers that both citizens and officers can either ask for a bribe or be asked for it. The structure of the evasion-corruption game explicitly distinguishes between the probability to detect and punish a dishonest citizen ( ) and a dishonest officer ( ). These two parameters strongly characterize the game and be can considered as proxy of the efficacy of the institutional system and supply an interesting indication about the corruption and evasion behaviour in a certain country. We analyse the relationship between tax enasione and efficacy of the istitutional contry through the basins of attraction of the game strategies.

• Publication Date: 10-Dec-2017
• DOI: 10.15224/978-1-63248-141-2-51
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Abstract: the current development of the securities and exchange market in Kenya recently has risen with the development of the financial market for derivatives which include swaps, options and futures market. This has seen an upward trend in the quest for investments in the stock markets. The listed companies in the Nairobi Securities and exchange market come broadly from the following sectors; Agricultural sector, Automobiles and Accessories, Commercial and Services, Construction and Allied, Energy and Petroleum, Investment, Telecommunication and Technology, Real Estate Investment Trust, Banking, Insurance, Manufacturing and Allied, Investment Services and the Exchange Traded Fund. Shares are traded from various companies categorized under the following industries. One of the main objectives of the firm is to maximize the shareholders wealth because they are the sole owners of the business. They have entrusted the firm with funds that need to generate a reward. Most of the time the shareholder

• Publication Date: 10-Dec-2017
• DOI: 10.15224/978-1-63248-141-2-52
• Views: 0
• Downloads: 0