Goel, Rajeev K. - In: Financial Theory and Practice 37 (2013) 2, pp. 207-222
This paper examines the effectiveness of corruption control depending upon whether the bribe taker or the bribe giver … initiates the corrupt interaction. The probability of corrupt exchanges depends upon the bribe and the corrupt market structure … apprehension hinges on whether higher bribes invite harsher fines. Competition for favors intimidates the bribe giver into offering …