| Summary: | This paper is an investigation into the organization and predictability of
corruption. The impetus for this research assumes that if corruption
imposes costs on businesses, then accompanying transaction costs
associated with uncertainty would be reduced if corruption is
predictable. This study is an attempt to assess different explanatory
factors that could engender predictable and organized forms of
corruption. Our findings indicate that Individualist societies, as well as
societies where corruption is endemic and legally permissible, may
develop more predictable forms of corruption. Overall, this paper
corroborates previous literature in finding that predictability is as
important as extent in understanding the constraints corruption pose to
economic activity.
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