Reforms to the Italian Procurement Code, that began in 2008 with a corrective to the Code, continued with the adoption of the 2014 European Public Contracts Directive and most recently with the 2023 reform of the Code and have introduced increasing discretion in the selection of private companies. But what has been its impact on the companies, prices and contract execution? Shedding light on the issue was the paper “Rules, Dicretion and Corruption in Procurement: Evidence from Italian Government Contracting” by Francesco Decarolis (Bocconi University, Department of Economics), Raymond Fisman (Boston University), Paolo Pinotti (Bocconi University, Department of Social and Political Sciences) e Silvia Vannutelli (Northwestern University).

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