There are a large number of cases where corruption has been discovered investigating levels of consumption that appear … the principal. We argue that this assumption has to be revised in applications that study corruption. The informativeness … of an agent's level of consumption depends on his legal income and initial level of wealth, as conspicuous consumption by …

There are a large number of cases where corruption has been discovered investigating levels of consumption that appear … the principal. We argue that this assumption has to be revised in applications that study corruption. The informativeness … of an agent's level of consumption depends on his legal income and initial level of wealth, as conspicuous consumption by …

The paper studies the link between corruption and social capital (measured as trust), using data from a lab experiment … behind any such behavioral spillover. Results suggest that a) there is a negative spillover effect of corruption on trust and …

-monetary disincentives to corruption. In doing so, we also test the Beckarian prediction that at the same level of expected payoff, a low … probability of detection with high penalty is a stronger deterrent to corruption than a high probability of detection with low …