Development Economics Vice Presidency (DEC) and the Office of the Chief Economist invites you to a DEC Seminar on Novel Tools to Fight Corruption
Speaker: Giancarlo Spagnolo
Professor of Economics at University of Rome Tor Vergata and SITE - Stockholm School of Economics
Chair: Kaushik Basu
Sr. Vice President and Chief Economist Development Economics
Discussant: Luis Felipe Lopez Calva
Co-Director, World Development Report 2017 “Governance and the Law”
The talk will offer an overview of recent research on the benefits and pitfalls of legal tools against corruption that provide incentives for wrongdoers and accidental witnesses to report incriminating information and collaborate with law enforcers. These tools include structured leniency programs, asymmetric sanctions, whistleblowers protection and reward/bounty schemes, are relevant to many other crimes that share the strategic features of corruption (cartels, fraud, smuggling, prostitution) and are potentially very powerful. As other high-powered incentive schemes, however, they are also rather delicate, in the sense of being easily manipulated, misused or just poorly designed and implemented, particularly in settings with weak institutions. A number of open issues still challenge researchers and policymakers alike. The talk will draw from frontier economic research, but all material will be presented so as to be accessible to an audience with heterogeneous expertise.
Watch LIVE here. Meeting Number: 736 216 498. Meeting Password: UePea8r9
Listen to seminar audio recording here.