Let them take gifts, and cheat those who seek influence
Corrupt arrangements are characterized by a high risk of opportunism. Moreover, denunciation and extortion add another layer of uncertainty for participants in corrupt transactions. This paper demonstrates how legislators can use an asymmetric design of criminal sanctions to amplify these inherent risks, thereby destabilizing corrupt arrangements. It is also shown that asymmetric penalties do not necessarily interfere with the goal of deterrence and that immunity may be a useful tool to disband the pact of silence characteristic of corrupt arrangements.
|Date of creation:||2005|
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- Abbink, Klaus & Irlenbusch, Bernd & Renner, Elke, 2000.
"The moonlighting game: An experimental study on reciprocity and retribution,"
Journal of Economic Behavior & Organization,
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- Ogilvie Sheilagh, 2005.
"The Use and Abuse of Trust: Social Capital and its Deployment by Early Modern Guilds,"
Jahrbuch für Wirtschaftsgeschichte / Economic History Yearbook,
De Gruyter, vol. 46(1), pages 15-52, June.
- Sheilagh Ogilvie, 2004. "The Use and Abuse of Trust: Social Capital and its Deployment by Early Modern Guilds," CESifo Working Paper Series 1302, CESifo Group Munich.
- Johann Graf Lambsdorff & Sitki Utku Teksoz, 2002. "Corrupt Relational Contracting," Departmental Discussion Papers 113, University of Goettingen, Department of Economics.
- Kingston, Christopher, 2007. "Parochial corruption," Journal of Economic Behavior & Organization, Elsevier, vol. 63(1), pages 73-87, May.
- Lambsdorff, Johann Graf, 2002. "Making corrupt deals: contracting in the shadow of the law," Journal of Economic Behavior & Organization, Elsevier, vol. 48(3), pages 221-241, July.
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