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Microeconomics of corruption based on behavioural economics

Author

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  • Vicente Humberto Monteverde

Abstract

Purpose - The purpose of this paper is to establish a microeconomics model of corruption based on the behavioural sciences. Design/methodology/approach - The methodology is a practical exploration, first in the convergence of the economics of corruption and the behavioural sciences; based on these conclusions, the microeconomic model of corruption is formulated. Findings - The paper concludes in a model of the microeconomics of corruption. Research limitations/implications - There are no limitations in the model. Practical implications - The practical implications are calculating the rent for corruption in the different scenarios. Social implications - The social implications are knowing the income from corruption. Originality/value - To the best of the authors’ knowledge, this paper is original, and there is no microeconomics model of corruption formulated in the academic field, only in this work.

Suggested Citation

  • Vicente Humberto Monteverde, 2020. "Microeconomics of corruption based on behavioural economics," Journal of Financial Crime, Emerald Group Publishing Limited, vol. 30(3), pages 716-727, May.
    • Handle: RePEc:eme:jfcpps:jfc-03-2020-0043
    DOI: 10.1108/JFC-03-2020-0043
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    More about this item

    Keywords

    Supply of corruption; Behavioural sciences; Demand for corruption; Income from corruption; Microeconomics of corruption; A13; D11; P16;
    All these keywords.

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State

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