Suppose that demand for services from a corrupt bureaucracy as a function of the total bribes payable for the service is as follows: V(b)=1−b. Services can be delivered at no cost to the bureaucrats.
Calculate the bribe level if corruption is centralized.
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Suppose that demand for services from a corrupt bureaucracy as a function of the total bribes payable for the service is as follows: V(b)=1−b. Services can be delivered at no cost to the bureaucrats.
Calculate the bribe level if corruption is centralized.
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