TY  - RPRT
        AU  - Dasgupta, Utteeyo
AU  - Radoniqi, Fatos
        TI  - Republic of Beliefs: An Experimental Investigation
        PY  - 2021/Feb/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 14130
        UR  - https://www.iza.org/publications/dp14130
        AB  - 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.
        KW  - republic of beliefs
KW  - asymmetric punishment
KW  - harassment bribery
KW  - experiment
        ER  -