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Hidden Corruption

Author

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  • Pani, M.

Abstract

While most economic studies on corruption are mainly concerned with its actual occurrence, in this paper we claim that most economic effects rather derive from its mere possibility. When corruption is prevented through an expensive monitoring activity and by offering high incentives, its effects persist although corruption does not actually occur - a situation that may be described as "hidden corruption".

Suggested Citation

  • Pani, M., 1998. "Hidden Corruption," The Warwick Economics Research Paper Series (TWERPS) 506, University of Warwick, Department of Economics.
    • Handle: RePEc:wrk:warwec:506
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    File URL: https://warwick.ac.uk/fac/soc/economics/research/workingpapers/1995-1998/twerp506.pdf
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    More about this item

    Keywords

    CORRUPTION ; INCENTIVES;

    JEL classification:

    • K1 - Law and Economics - - Basic Areas of Law
    • K4 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior
    • D8 - Microeconomics - - Information, Knowledge, and Uncertainty

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