Combating Corruption in International Business Transactions
AbstractInternational business transactions pose the problem of deterring bribing of public officials by foreign firms. We first analyse a convention styled after the OECD's 'Convention on Combating Bribery of Foreign Public Officials in International Business Transactions', which requires signatory countries to proceed against firms that have bribed public officials of any foreign country. We then study the case in which the convention requires signatory countries to proceed against firms that have bribed public officials of signatory countries only. We argue that the second type of convention is more likely to ensure the enforcement of penalties. Copyright (c) The London School of Economics and Political Science 2004.
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Bibliographic InfoArticle provided by London School of Economics and Political Science in its journal Economica.
Volume (Year): 71 (2004)
Issue (Month): 283 (08)
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Other versions of this item:
- Marco Celentani & Juan José Ganuza & José L. Peydró, 2003. "Combating corruption in international business transactions," Economics Working Papers 670, Department of Economics and Business, Universitat Pompeu Fabra, revised Oct 2003.
- Juan-José Ganuza & Marco Celentani & José-Luis Peydró, 2003. "Combating Corruption in International Business Transactions," Working Papers 106, Barcelona Graduate School of Economics.
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
- D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
- F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
- K42 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Illegal Behavior and the Enforcement of Law
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Kevin E. Davis, 2002. "Self-Interest and Altruism in the Deterrence of Transnational Bribery," American Law and Economics Review, Oxford University Press, vol. 4(2), pages 314-340.
- Celentani, Marco & Ganuza, Juan-Jose, 2002.
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- Laffont, Jean-Jacques & Tirole, Jean, 1991. "Auction design and favoritism," International Journal of Industrial Organization, Elsevier, vol. 9(1), pages 9-42, March.
- Laffont, Jean-Jacques & N'Guessan, Tchetche, 1999. "Competition and corruption in an agency relationship," Journal of Development Economics, Elsevier, vol. 60(2), pages 271-295, December.
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