Contracts Induced by Means of Bribery: Should they be Void or Valid?
This paper argues that contracts induced by means of bribery should be valid. Nullity and voidability decrease the incentive for voluntary disclosure, assist corrupt actors with enforcing their bribe agreements and provide leeway for abuse. Thus, they run counter to effective anti-corruption. It is argued that other instruments are more suitable for preventing corruption.
References listed on IDEAS
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- Aghion, Philippe & Dewatripont, Mathias & Rey, Patrick, 1994.
"Renegotiation Design with Unverifiable Information,"
12375014, Harvard University Department of Economics.
- Aghion, Philippe & Dewatripont, Mathias & Rey, Patrick, 1994. "Renegotiation Design with Unverifiable Information," Econometrica, Econometric Society, vol. 62(2), pages 257-282, March.
- Mathias Dewatripont & Philippe Aghion & Patrick Rey, 1994. "Renegotiation design with unverifiable information," ULB Institutional Repository 2013/9591, ULB -- Universite Libre de Bruxelles.
- Nell, Mathias, 2007. "Strategic aspects of voluntary disclosure programs for corruption offences: Towards a design of good practice," Passauer Diskussionspapiere, Volkswirtschaftliche Reihe V-52-07, University of Passau, Faculty of Business and Economics.
- Alexander Stremitzer, 2012.
Journal of Law, Economics and Organization,
Oxford University Press, vol. 28(3), pages 381-406, August.
- Alexander Stremitzer, 2007. "Opportunistic Termination," Bonn Econ Discussion Papers bgse7_2007, University of Bonn, Germany.
- Stremitzer, Alexander, 2008. "Opportunistic Termination," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 226, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
- Buccirossi, Paolo & Spagnolo, Giancarlo, 2005.
"Leniency Policies and Illegal Transactions,"
Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems
74, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
- Kingston, Christopher, 2007. "Parochial corruption," Journal of Economic Behavior & Organization, Elsevier, vol. 63(1), pages 73-87, May.
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