We develop a model of individual prosecutors (and teams of prosecutors) to address the incentives for the suppression of exculpatory evidence. Our model assumes that each individual prosecutor trades off a desire for career advancement (by winning a case) and a disutility for knowingly...

We develop a dynamic model of the disposition of a criminal case, allowing for the potential discovery of exculpatory evidence by prosecutors (who choose whether to disclose this evidence) and by defendants, as the case proceeds from arrest through plea bargaining and (possibly) trial. We...

We investigate one possible explanation for observed rates of corrupt behavior namely that individual decision makers who frequently engage in illegal actions may underestimate the overall probability of being caught. This might in particular be true for petty corruption where small amounts of...

Economic growth is below what would be needed to resume rapid convergence to average OECD living standards. On-going efforts to improve the business climate are laudable, but need to be widened and strengthened. Much progress has been achieved in reducing red tape, but it is only recently that...

We investigate one possible explanation for corrupt behavior namely that individual decision makers who engage frequently in illegal actions might underestimate the overall probability of being caught. This might be in particular true for petty corruption where small amounts of bribes are...

We investigate one possible explanation for observed rates of corrupt behavior namely that individual decision makers who frequently engage in illegal actions may underestimate the overall probability of being caught. This might in particular be true for petty corruption where small amounts of...

In March, Russia was faced with the unsavory prospect of a considerable loss of funds kept by Russian enterprises and individuals in Cyprus, traditionally one of the most attractive jurisdictions for Russian businesses A significant portion of those funds was frozen or seized by the Cypriot...

February saw yet another flare-up in the ongoing turf war between economic clans, first of all between Ivan Sechin's and Arkady Dvorkovich's groups of influence. The latest flare-up was so strong that it even spilled over into Russia's state-owned TV channels. Thus, in one of its programs aired...

January 2013 saw yet another surge in protests in Russia – now caused by Vladimir Putin's approval, on New Year's eve, of the draft law banning U.S. citizens to adopt Russian orphans (it should be noted that Russia's authorities have so far failed to offer the orphans anything worth mentioning...

In December 2012, the so-called ‘Magnitsky Law' came into force in the United States. This law empowers and obliges the U.S. President to compose the list of persons responsible for the death of the Hermitage Capital Management investment fund's counselor Sergey Magnitsky and persons violating...