Standard anticorruption interventions consist of intensified monitoring and sanctioning. Rooted in principal-agent theory, these interventions are based on the assumption that corrupt acts follow a rational cost-benefit calculation by gain-seeking individuals. Given their mixed results, however,...

In major legal orders such as UK, the U.S., Germany, and France, bribers and recipients face equally severe criminal sanctions. In contrast, countries like China, Russia, and Japan treat the briber more mildly. Given these differences between symmetric and asymmetric punishment regimes for...

Greece had, largely as a result of clientele policies, delayed its privatization of the state-owned telecommunications operator, the Hellenic Telecommunications Organization (OTE) and the liberalization of markets. For over a decade up to 2004 Siemens paid bribes to managers of OTE, to senior...

In December 2011, prosecutors in the United States of America announced the settlement of cases against Magyar Telekom and Deutsche Telekom in respect of bribery of officials in two countries in the Balkans. In the Former Yugoslav Republic of Macedonia (FYROM) they had obtained a delay in a...

We analyze corruption in law enforcement: the payment of bribes to enforcement agents, threats to frame innocent individuals in order to extort money from them, and the actual framing of innocent individuals. Bribery, extortion, and framing reduce deterrence and are thus worth discouraging....

Foreign Corrupt Practices Act (FCPA) enforcement activity is currently at its highest level since enactment of the statute in 1977. There were more enforcement actions brought in 2007 than in the years from 2004 to 2006 combined. The message is clear - the U.S. Government is committed to FCPA...

...

China's fight against corruption appears to have reached a stalemate. The fluctuation in the number of corruption prosecution, which was a characteristic of the official statistics until the early 1990s, has virtually vanished. Instead, one sees flat lines. The stalemate is surprising given the...

In January 2010 the Costa Rican Treasury received US$10 million in payment of a settlement agreement signed within the civil proceedings initiated by the Costa Rican Attorney General’s Office for Public Ethics against Alcatel to repair the social damage emerging from a corruption case...

Liberia endured military warlords, dictatorships and civil war, before entering a period of post-conflict transition and successful elections. It continues to have significant problems with corruption. Despite these problems, mobile network operators have been able to develop their networks and...