Harstad, Bård; Svensson, Jakob - C.E.P.R. Discussion Papers - 2006
can countries get trapped in a bribing equilibrium forever? Corruption and lobbying are to some extent substitutes. By … lobby the government to change the rules in more developed ones? Should we expect an evolution from bribing to lobbying, or …) an equilibrium with corruption discourages firms to invest, (ii) firms bribe if the level of development is low, but (iii …