Economic Systems in the New Era: Stable Systems in an Unstable World
This article is devoted to the corruption risks arising from the active use of electronic trading platforms, including fraudulent and corruption schemes, as well as modern technologies for their neutralization. In particular, to minimize these risks, it is proposed to use a smart contract, a computer algorithm designed to conclude and maintain commercial contracts using blockchain technology. Using modern methods of scientific analysis, the authors identify the main problems associated with trying digital technologies on trading platforms and consider the problems of legislation in the field of combating corruption.
In the 1980s, she was a young Russian journalist. It was a question that he was on his case, and that he was on the same page. In the case of the population of the USSR, it’s not a problem. In 1988, For the first time, she read the article. of illness in the republic. These articles are caused by the political debate during the perestroika of the Soviet Communist party. Minkin was viciously attacked by the security authorities. However, it’s not a problem.
This paper investigates links between corruption and collusion in procurement. A first-price multiple-object auction is administered by an agent who has legal discretion to allow for a readjustment of (all) submitted offers before the official opening. The agent may be corrupt, i.e. willing to sell his decision in exchange for a bribe. Our main result shows that the corrupt agent's incentives to extract rents are closely linked with that of a cartel of bidders. First, collusive bidding conveys value to the agent's decision power. Second, self-interested abuse of discretion to extract rents (corruption) provides a mechanism to enforce collusion. A second result is that package bidding can facilitate collusion. We also find that with corruption, collusion is more likely in auctions where firms are small relative to the market. Our main message to auction designers, competition authorities and criminal courts is that risks of collusion and of corruption must be addressed simultaneously. Some other policy implications for the design of tender procedures are discussed.
The proposed edition continues a series of the Institute of Legislation and Comparative Law under the Government of the Russian Federation papers on the problems of anti-corruption . The monograph off ers the characteristic of legal acts and the reasons of their deformation, the stages of concept corrupt risks evaluation, the most vulnerable branches of law with an extent corrupt risks, inherent corrupt factors along with the process of anti-corruption expertise, procedure for evaluating the implementation of legal regulation. Also the relevant provisions of special and sectoral legislation were examined and the experience of implementation of anti-corruption analysis of legal acts in the foreign countries was summed up.