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Corruption as an Alternative to Limit Pricing

We explore to what extent bribery can be an alternative way of fighting rivals’ entry on the market when there is uncertainty about the degree of corruption in the public sector. For high levels of corruption, “covert” fight through bribery is the optimal choice of an incumbent. For low degree of corruption, instead, the incumbent prefers to act strategically but overtly by playing a limit pricing game.
Year of publication:
2011
Authors: Buia, Raluca Elena
Institutions: Dipartimento di Economia, Università Ca' Foscari Venezia
Subject: Corruption | Bribery | Production licence | Moral cost | Covert/overt fight
Extent:
application/pdf
Series:
Type of publication: Book / Working Paper
Language: English
Notes:
Number 2011_02 3 pages long
Classification: D21 - Firm Behavior ; D73 - Bureaucracy; Administrative Processes in Public Organizations; Corruption ; H40 - Publicly Provided Goods. General
Source:
Persistent link: https://www.econbiz.de/10008837641
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