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The legal order is the legitimate foundation of liberal democracy. Its incomplete enforcement of the law can therefore appear dysfunctional, reflecting weak institutions, state capture, and corrupt practices. This paper casts doubt on such categorical assessments by systematically examining the...
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corruption-free or plagued by corruption. Contingent on the nature of adjudicatory bias, bribery either discourages private … antitrust lawsuits or incentivizes firms to engage in frivolous litigation. Corruption expectedly reduces the effectiveness of … can be social welfare-enhancing even in the presence of corruption. Under some circumstances, corruption actually …
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