It has a few oddities in how it pays out the bounties as it can happen for dead players to receive a payout, too, even when they have lost in a fight. This is the case when CONCORD or another police force kills a player does it then simply pick the first next player involved in the fight. To me does this make little sense as I see bounties as a reward and dying in the process just does not fit in here.

I am also not sure how it is handled when two corporation members (of the same corporation) kill each other and their corporation has a bounty on it. From what I have read does it then pay out the corporation bounty to the corporation members, which again makes little sense to me.

If I took your point of view, then it must be allowed to self-destruct and claim 20% of one's own bounty... which is not allowed.

If I want corp members to kill each other over a bounty can I place individual bounties on the members. Here it makes sense, because these are individually placed bounties.

I want corporation bounties to be different from individual player-bound bounties so that corporation members cannot get any ISKs from it. Some corporations then hold little PvP matches, where they destroy their own assets purposely, but to train their pilots. I do not want a corporation bounty to serve here as a payment for such events.

Or imagine a high corporation bounty when a new player starts awoxing it. It would play right into the awoxer's hands.

Right, but I can use an alt.

Now explain why a corporation can claim their own bounty. And do not say because of awoxing. If I want to awox myself then I should have the same right as anybody else no matter if I use an alt or through self-destruct.

I call it a paradox, but I am curious how you will explain it.

So why is one not allowed to directly cash in on one's own bounty? Because it is meant to make abuse difficult!

And why is it allowed for corporations to cash in on themselves? Because CCP did not think it through and so it is being abused.

Conclusion: I cannot recommend anyone to use corporation or alliance bounties for this reason - do not use them. Instead, place individual bounties on only a few members and hope it does not encourage abuse as much as corporation/alliance bounties do.

If I wanted to put ISKs into the pockets of those players who I want to place a bounty on then there is already an easier way.

Smartarse one-liners do not a point make. Also, never wear anything you can't afford to lose. Even noobs know that one.

unlocks associated with those skills, namely the ability for a 'bounty hunter' to make a bountied person (with negative sec status) go suspect or limited engagement to him in HISEC

Again: don't fly what you can't afford to lose. Basic wisdom in Eve.

Losing 100,000 SP. Now THAT'S a big deal.

"Dude", that was two one-liners, both of which were fail attempts at smartarse humour. Do keep up.