Title: Bribery | Wex | US Law | LII / Legal Information Institute
Headings: Bribery
Bribery
Definition
Overview

Content: Economists consider bribery to negatively impact economic growth because it encouraged rent seeking behavior. Rent seeking behavior refers to an individual’s or corporation’s attempt to illicitly influence the open market in order to provide that individual or corporation with a disproportionate amount of wealth. Such an environment results in a sub-optimal allocation of resources, which results in depressed economic growth. Violators may be prosecuted under federal statute 18 U.S.C. 201 - Bribery. See White-collar crime. wex
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