Corruption in Emerging Economies Hinders Fair Market Entry, Study Finds
In emerging economies, existing companies sometimes use unfair tactics to prevent new competitors from entering the market. A study looked at this situation and found that the amount of bribes paid by these companies depends on how fair the market is and how different their products are from the new entrants. Surprisingly, not paying any bribes may not always be the best for the market and overall quality. This research aligns with real-life examples from countries like India.