2011: Oriana Bandiera

Oriana Bandiera won the 2011 edition of the Carlo Alberto Medal. She is the first woman to be awarded the prize, which with the 2011 edition goes to a biennial schedule.


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Born in Catania in 1971, Oriana Bandiera received her BA in Economics from the Università Bocconi in 1993 and her Ph.D. in Economics from Boston College in 2000. Upon completing her doctorate, she was hired by the London School of Economics and Political Science, where she is now Professor of Economics. She has been a visiting professor at the University of Chicago, New York University, Yale University, Northwestern University and the IIES in Stockholm. She is the co-Director of the Economic Organization and Public Policy Programme of STICERD and of the State Capabilities Research Programme of the International Growth Center, a Research Fellow of CEPR, and an Associate Editor of, among others, the Journal of Economic Literature and the Economic Journal.


Oriana has done enlightening work on the role and the design of incentives in the workplace, in advanced and developing economies. Her papers on social ties within and across ranks – using natural field experiments together with remarkable identification strategies – showed the importance of non-monetary incentives. However, Oriana's contributions do not stop at personnel economics. Her paper on waste in government spending is the first one to empirically separate active (bribes) from passive waste. She has also given important contributions to the economics of organized crime, and to development economics. In the words of a scholar who nominated her: "Oriana has established herself as a leader in the exciting field of economic development concerned with social incentives and economic productivity. Combining field experiment with state of the art econometric techniques, she has pushed the frontier outward."

The Carlo Alberto Lecture

The award ceremony will take place at the Collegio Carlo Alberto in the month of October, as part of the inauguration ceremony of the 2011-2012 academic year.