We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Gift policy, bribes and corruption.
- Authors
Bac, Mehmet
- Abstract
A ban on gifts in public offices partially deters bribery but may induce undeterred bribers to switch from gifts to money. The rise in the use of a more liquid instrument (money) increases the bribe acceptance rate and, possibly, the measure of unqualified applications approved by the office. A gift ban may thus amplify the social costs of corruption by allocating public resources to the wrong people. It is shown that the optimal limited gift ban with a value cap binding on "expensive" gifts dominates the free gifts policy. The limited ban has weaker deterrence than the complete ban but it may reduce the social costs of corruption by minimizing the switch from gifts to money.
- Subjects
PUBLIC officers; PROFESSIONAL ethics of public officers; CORRUPTION; MONEY; BRIBERY policy; EXTERNALITIES; GOVERNMENT policy
- Publication
European Journal of Law & Economics, 2019, Vol 47, Issue 2, p255
- ISSN
0929-1261
- Publication type
Article
- DOI
10.1007/s10657-019-09611-y