%0 Report
        %A Dasgupta, Utteeyo
%A Radoniqi, Fatos
        %T Republic of Beliefs: An Experimental Investigation
        %D 2021
        %8 2021 Feb
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 14130
        %U https://www.iza.org/publications/dp14130
        %X The success of a country's anti-corruption policies can crucially depend on the citizens' beliefs about the existing legal environment. We test this key idea of Basu (2020) using a novel design which systematically manipulates beliefs of participants in an experiment. Our results suggest that Basu's "Republic of Beliefs" idea provides a critical insight in policy formulation; Merely introducing an anti-corruption law is not sufficient in aiding the country towards the desired equilibrium, especially in developing countries, where the existing legal enforcement machinery has severe scopes of leakages.
        %K republic of beliefs
%K asymmetric punishment
%K harassment bribery
%K experiment