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Corrupt arrangements are characterized by a high risk of opportunism: double-dealing, whistle-blowing and extortion are significant uncertainties for participants in corrupt transactions. This paper demonstrates how legislators may use an asymmetric design of (criminal) sanctions and leniency...
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to disband the "pact of silence" characteristic of corrupt arrangements. -- Corruption ; Asymmetric Sanctions …
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-givers should be punished for giving bribes, but not for accepting the bribetakers' reciprocity. -- corruption ; asymmetric …
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