Abstract:
State corruption is present in any of the current public governance systems and
in both developed and emerging economies. The drawbacks of corruption, leading to non-optimal resource
allocation and shifts in economic decisions, are extensively studied, and various anti-corruption measures have
been proposed by scholars, governments and international development institutions . Designing an
efficient policy is impossible without outlining the structure of liability for corruption wrongdoings. The
economy of crime provides some valuable insight, which, combined with more traditional policymaking
models, is useful to answer the question of the optimal liability regime for corruption.
