... billion pesos, that is, an average of five percent. percent of GDP that year [ 6 ]. Bribes Cost of corruption Corruption Surcharges Undue benefit A13 D11 P16 When we study the causes and consequences of corruption in the economy, it is exciting to see how the unknown of the cost...

... economics, the terms “standard” or “traditional” economic model, or “homo economicus” are freely used when referring to views on human behaviour that do not take into account “behavioural” factors. Behaviour Corruption Fraud Behavioural economics Economic analysis A13 D11 P16...

... corruption Microeconomics of corruption A13 D11 P16 Our decisions are measured by a series of factors that deviate our behaviour from what the standard economic model of behavioural economics predicts. They are often called “systematic” deviations, because they are predictable and affect...

... Stock returns Group affiliation General elections D72 P16 P26 C32 P43 Political connections (PCs) are a multiform phenomenon, often classified as direct and indirect. The direct PC means personal relation of politicians with the firms, e.g. a politician is member of board...

... Humberto Monteverde can be contacted at: vhmonte@retina.ar © Emerald Publishing Limited 2019 Emerald Publishing Limited Licensed re-use rights only Corruption Bribes Surcharges Cost of corruption A13 D73 P16 When we study the causes and consequences of corruption...