@article{dc11e261c9f84a12af3bdb5a6feea781,
title = "A comparison of bribery and bidding in thin markets",
abstract = "This paper compares bribery to competitive bidding in a government purchasing context. While competitive bidding is one method of procurement, bribery is a common alternative in many Third World countries. Although bribery is often considered to be the ethical antithesis of competitive bidding, the analysis shows there is a fundamental isomorphism between bribery and competitive bidding on the supply side of the transaction.",
author = "Beck, {Paul J.} and Maher, {Michael W.}",
note = "Funding Information: * We are grateful for comments from Vie Bernard, Gary Biddle. Michael Bradley. Joel Demski. Ronald Dye. John Eichenseher, Aneel Karnani, Wilham Kinney. Glenn Loury, Sam Peltzman. David Sappington. Thomas Stober, Martin Zimmerman and participants in workshops at the Universities of Illinois and Michigan. This research was supported in part by the University of Illinois College of Commerce and The University of Michigan Business School. {\textquoteright} See Alchian (1977) Rose-Ackerman (1978) and Holt (1980). * See Rose-Ackerman (1978) for a discussion of the comparative efficiencies of market and {\textquoteleft}corrupt{\textquoteright} methods of dealing with government officials. Also see. for example, U.S. House of Representatives (1977) for political debate about the inefficiency of bribes to foreign government officials.",
year = "1986",
doi = "10.1016/0165-1765(86)90068-6",
language = "English (US)",
volume = "20",
pages = "1--5",
journal = "Economics Letters",
issn = "0165-1765",
publisher = "Elsevier",
number = "1",
}