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This article presents a model of non-monetary sanctions with corruption. It is a well-known result in the law enforcement literature that in the absence of corruption, non-monetary sanctions, such as imprisonment, should be imposed infrequently. We show that, in the presence of corruption, it is...
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This article analyzes private law enforcement in an environment with corruption. The effect of corruption is studied both under the assumption of monopolistic enforcement by a single private enforcement agency and under the assumption of competitive enforcement by many private enforcers. In...
Persistent link: https://www.econbiz.de/10014207273