Koessler, Frédéric; Lambert-Mogiliansky, Ariane - In: Journal of Development Economics 100 (2013) 1, pp. 117-126
This paper studies firms' incentives to commit to transparent behavior in a competitive procedure modeled as an asymmetric information beauty contest managed by a corrupt agent. In his evaluation of firms' offers for a public contract the agent has some discretion to favor a firm in exchange for...