A comparison of bribery and bidding in thin markets

Paul J. Beck, Michael W. Maher

Research output: Contribution to journalArticle

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.

Original languageEnglish (US)
Pages (from-to)1-5
Number of pages5
JournalEconomics Letters
Volume20
Issue number1
DOIs
StatePublished - 1986

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

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