This book constitutes a thorough analysis of the phenomenon of corruption, as seen from the perspective of New Institutional Economics - one of the most influential new schools of thought in the social sciences of the past decade.
1.Introduction - Corrupt Contracting - Exploring the Analytical Capacity of New Institutional Economics and New Economic Sociology 2. Corruption - Its Spread and Decline 3. Why Should One Trust in Corruption 4. Corruption Trends 5. Trust and Corruption 6. Self-Enforcing Corruption: Information Transmission and Organizational Response 7. The Use of Intermediaries and Other Alternatives to Bribery 8. Corrupt Relational Contracting 9. The Governance Mechanisms of Corrupt Transactions 10. Private Ordering of Corrupt Transactions: The Case of the Chinese Guanxi-Networks and their Challenge by a Formal Legal System 11. Inefficient Propery Rights and Corruption: The Case of Accounting Fraud in China 12. Corruption in International Trade - Pleading for a Responsible WTO 13. The Case of Corruption in Nigeria - Soji Apampa