Bargaining for bribes under uncertainty

Preprint OPEN
Danila Serra; (2008)
  • Subject: Bribery, Moral Cost, Double Auction, Imperfect Information, Multiple Equilibria | bribery; moral cost; double auction; imperfect information;multiple equilibria
    • jel: jel:D72 | jel:D82 | jel:Z13

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.... View more
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