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A corrupt transaction is often the result of bargaining between the parties involved.  This paper models bribery as a double auction where a private citizen and a public official strategically interact as the potential buyer and the potential seller of a corrupt service.  Individuals differ in...
Persistent link: https://www.econbiz.de/10011004168
Anecdotal evidence suggests that intermediaries are ubiquitous in corrupt activities; however, empirical evidence on their role as facilitators of corrupt transactions is scarce. This paper asks whether intermediaries facilitate corruption by reducing the moral or psychological costs of possible...
Persistent link: https://www.econbiz.de/10010866232
We model corruption in a society as a result of bargaining for bribes between private citizens and public officials. We investigate the role that incomplete information with respect to the intrinsic moral cost of one's potential corruption partner plays out in his or her propensity to engage in...
Persistent link: https://www.econbiz.de/10011048151