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.Peer Reviewedhttp://deepblue.lib.umich.edu/bitstream/2027.42/26307/1/0000392.pd

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