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When is Corporate Bribery a Good Investment?

Vishavdeep Sharma and Krishnendu Ghosh Dastidar

In new research, Vishavdeep Sharma and Krishnendu Ghosh Dastidar analyze corporate corruption through the lens of market competition. Firms often bribe officials to block rivals from entering their markets, and their incentive to do so depends less on how competitive a market is than on what kind of competition it has.

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