Microeconomics of corruption based on behavioral economics: testing Monteverde’s approach to Iberian countries

Autor principal:
Luís de Sousa (Instituto de Ciências Sociais – Universidade de Lisboa, Portugal)
Autores:
Julia Maria Gracia de Castro (NOVA Schoo of Law (Lisboa, Portugal))
Felippe Clemente (Instituto de Ciências Sociais – Universidade de Lisboa, Portugal)
Programa:
Sesión 7, Sesión 7
Día: miércoles, 24 de julio de 2024
Hora: 09:00 a 10:45
Lugar: ALFONSO X (48)

This paper explores the microeconomics of corruption using a behavioral economics approach and tests Monteverde's theoretical framework. Analyzing empirical data, the study investigates the determinants of corruption demand and corruption offer through ordered probit models. The results shed light on the factors influencing corruption dynamics. The findings support Monteverde's model, with significant associations found for independent variables. However, some variables deviate by displaying an opposite relationship with corruption demand and offer. Control variables also play a significant role. Females exhibit a lower offer of corruption, while higher education levels, such as a PhD, are associated with a reduced likelihood of offeringcorruption. These findings emphasize the need to consider multiple factors in combating corruption and call for tailored strategies. Further research is needed to deepen our understanding of the specific mechanisms connecting income, controls, punishment, and the offer of corruption, enabling evidence-based anti-corruption policies and interventions for more effective measures.

Palabras clave: Microeconomics, Corruption, Behavioral economics, Iberian countries