corruption risks often observed in negotiated procedures. For rule-based procedures, we show that a "third-price lottery" in …

We provide a positive analysis of the equilibrium bidding and bribing strategies with and without corruption in a first …-price, sealed-bid, procurement auction with two-dimensional-type bidders. With corruption, we assume that the quality of the bidders … and bribe decrease in the number of bidders. Moreover, we show that in this auction with corruption, quality is randomly …

We study the effects of corruption on equilibrium competition and social welfare in a first-price public procurement … government, who may request a bribe from the winning firm afterward. We first show that, in the absence of corruption, the … bureaucrat will invite more than socially optimal number of firms into the auction. Secondly, the effects of corruption on …

The paper analyses the impact of incompetence and corruption in procurement auctions. The government plans to build a … to measurement errors: the measured quality may not be the same as the actual quality. There is also corruption in the … quality. We show that both incompetence and corruption result in reducing actual quality produced and the expected welfare. We …

This paper analyses the impact of favouritism and corruption in procurement auctions in an emerging economy. There are … a good that meets a certain quality standard failing which its payment would be withheld. There is corruption in the …

Operation Car Wash began in 2014 and brought to light corruption schemes within public procurement. It prompted Brazil … to intensify its legal crusade against corruption and improbity. Brazil improved enforcement of rules long ignored, and …

We study the impact of an investigation into collusion and corruption to learn about the organization of cartels in … investigation in Montreal and in Quebec City, where there have been no allegations of collusion or corruption. We find that entry …