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Economist on "Equilibrium Consequences of Corruption of Firms: Evidence from Chinese Universit"

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Beihang, and many other schools are abusing its power on its existing and candidates (withdraw offers, renege on oral offer, salary withholding, moving tenure goal post) but many people are still applying.

This shows that corruption has no consequences and/or many people are irrational. If we assume that people are not moron, then we conclude that there is no consequence for corruption at equilibrium when all schools are strategically corrupted.


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