Bribe menus and nonlinear pricing

…Apparently, this legislator was so good at policymaking that he knew about the economic efficiency of non-linear pricing:

http://articles.news.aol.com/news/article.adp?id=20060227234409990001

“Prosecutors call it a corruption case with no parallel in the long history of the U.S. Congress. And it keeps getting worse. Convicted Rep. Randall “Duke” Cunningham actually priced the illegal services he provided

Prices came in the form of a “bribe menu” that detailed how much it would cost contractors to essentially order multimillion-dollar government contracts, according to documents submitted by federal prosecutors for Cunningham’s sentencing hearing this Friday.

“The length, breadth and depth of Cunningham’s crimes,” the sentencing memorandum states, “are unprecedented for a sitting member of Congress.”

The sentencing memorandum includes the California Republican’s “bribery menu” on one of his congressional note cards, “starkly framed” under the seal of the United States Congress.

The card shows an escalating scale for bribes, starting at $140,000 and a luxury yacht for a $16 million Defense Department contract. Each additional $1 million in contract value required a $50,000 bribe.

The rate dropped to $25,000 per additional million once the contract went above $20 million.”

Advertisements