Oak, Mandar - School of Economics, University of Adelaide - 2013
In a provocative paper, Basu (2011) argues that for a class of bribes, called harassment bribes, legalization of bribe … giving of non-harassment bribes. We find that in such environment Basu's proposal, in and of itself, yields mixed results: in … some cases it can reduce even the prevalence of non-harassment bribes and improve social welfare. However, in other cases …