Potential economic benefits of integrity and anti-corruption policies seem large. Nevertheless, much of the existing empirical evidence lacks precise and actionable policy indicators that could guide policy makers on tangible improvements of successful reforms. To move the policy analysis...

How effective are G-8 and OECD efforts to combat bribery and corrupt payments when multinational companies bid on concessions in the developing world? Have the rich countries – and the United States, in particular – done what is necessary to restrain multinational investors from paying off...

The 1999 OECD Convention on the Bribery of Foreign Officials in International Business Transactions (Anti-Bribery Convention) represented a leap forward in international cooperation to fight corruption. Roughly summarising, the Convention obliged all OECD member states to criminalise the payment...

The proliferation of anti-bribery laws in recent years, particularly with the passage of the OECD Anti-Bribery Convention, sends a firm signal to companies that norms concerning corruption in international business have changed. With the increase in legal risk has come an increase in...

The paper explores a game-theoreticmodel of petty corruption involving a sequence of entrepreneurs and a track of bureaucrats. Each entrepreneur's project is approved if and only if it is cleared by each bureaucrat. The project value is stochastic; its value is observed only by the entrepreneur,...