The objectives of government are pivotal to understanding the diverse negative effects of corruption on public welfare …. Corruption renders governments unable or unwilling to maximize welfare. In the first case, it distorts agents' decisions and … door to opportunism. …

Corrupt arrangements are characterized by a high risk of opportunism: double-dealing, whistle-blowing and extortion are …-givers should be punished for giving bribes, but not for accepting the bribetakers' reciprocity. -- corruption ; asymmetric …

Corrupt arrangements are characterized by a high risk of opportunism. Moreover, denunciation and extortion add another … to disband the "pact of silence" characteristic of corrupt arrangements. -- Corruption ; Asymmetric Sanctions … ; Destabilization ; Opportunism ; Denunciation ; Immunity …