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What Do We Talk About When We Talk About Corruption?

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  • Facundo Sepúlveda

Abstract

In this article, we analyze the behavior of three objective measures of corruption: absolute corruption incidence, relative corruption incidence, and corruption rents. We present a theoretical model of bribery and investment in which these measures of corruption are defined and compared. We then study the changes that arise when key parameters of the model change and show that, under identical circumstances, the behavior of any particular corruption measure can differ completely from the behavior of the other measures. Furthermore, in our model high and low corruption lead to two types of equilibria. We show that the behavior of all three measures can vary substantially when the type of equilibrium changes. The Author 2009. Published by Oxford University Press on behalf of Yale University. All rights reserved. For Permissions, please email: journals.permissions@oxfordjournals.org, Oxford University Press.

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  • Facundo Sepúlveda, 2010. "What Do We Talk About When We Talk About Corruption?," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 26(3), pages 493-514.
    • Handle: RePEc:oup:jleorg:v:26:y::i:3:p:493-514
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    File URL: http://hdl.handle.net/10.1093/jleo/ewp003
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    Cited by:

    1. Andrew Samuel & Amy Farmer & Fabio Mendez, 2020. "Optimal regulation under imperfect enforcement: Permits, tickets, or both?," Scottish Journal of Political Economy, Scottish Economic Society, vol. 67(4), pages 420-441, September.

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