A Transaction Cost Economics Analysis of Corruption: Survey Evidence from Public Healthcare Services in Vietnam

This study aims to investigate the internal stability of corrupt transaction. By employing survey data of 274 public healthcare service users, through the lens of transaction cost economics, we revealed that social capital can play role of safeguard for a corrupt transaction. Moreover, the paper provides evidence to support hypothesis that parochial corruption has greater stability in comparison with market corruption. Hence, corruption is regarded as identity-specific transaction, and anti-corruption policy should focus on creating high transaction cost environment for this phenomenon.