Two decades of empirical evaluation have shown that corruption has a negative impact on economic growth, political … stability, judicial effectiveness, democratization, educational attainment, and equality of income. However, corruption exists … incentives and disincentives for corrupt behavior. However, lab studies on culture and corruption have led to some puzzling …

This paper considers the possibility of collective action by the business community to counter corruption in the award … historians and contract law scholars. The institution in this context comprises a no-bribery norm, a community system to detect … probability of winning the license or contract through bribery. An improvement in the government's formal anti-corruption …

corruption. Market participants engaging in corrupt practices enjoy lower production costs -- maybe because they pay a bribe to … avoid installing the environmental safeguards required by law -- such that honest players are driven out of the market when …

An extensive literature on the relationship between decentralization (or localization) and corruption has developed in … recent years. While some authors argue that there is a positive relationship between decentralization and corruption, others … claim that decentralization in fact leads to a reduction in the level of corruption. This important policy question has not …

How does the lack of legitimacy of property rights affect the dynamics of the creation of the rule of law? The authors … investigate the demand for the rule of law in post-communist economies after privatization under the assumption that theft is … possible, that those who have "stolen" assets cannot be fully protected under a change in the legal regime toward rule of law …

The authors study the impact of corruption in a host country on foreign investors' preference for a joint venture, or a … wholly owned subsidiary. Their simple model highlights a basic tradeoff in using local partners. On the one hand, corruption … bureaucratic maze. On the other hand, corruption decreases the effective protection of an investors' intangible assets, and reduces …

. Corruption may also weaken domestic financial supervision, with a subsequent deterioration in the quality in banks' and firms …