We provide a positive analysis of the equilibrium bidding and bribing strategies with and without corruption in a first …-price, sealed-bid, procurement auction with two-dimensional-type bidders. With corruption, we assume that the quality of the bidders … and bribe decrease in the number of bidders. Moreover, we show that in this auction with corruption, quality is randomly …

, corruption of public officers, inefficiency of the labour judicial system). Provinces with better access to neighbouring … subjects, fewer corruption episodes and lower presence of organized crime should also be associated with higher flows of FDIs … projects, implying the investment of higher volumes of money. Similarly, higher levels of corruption are associated with larger …

The present work analyzes the impact of foreign direct investment (FDI) and corruption on the quality of the … environment in the MENA region. Indeed, the magnitude of corruption and the quality of institutions are often cited as the main … recommend greater awareness of the harmful effects of corruption among political and economic actors. …