The paper addresses the issue of corruption, which appears to be endemic in Greece. It reviews the facts about … corruption as multi-faceted phenomenon and its close relationship to tax evasion, by comparing Greece to its EU partners, as well … internationally. It addresses corruption as an instance of anti-social behavior by means of a number of simple metaphors that allow …

This paper analyzes corruption as a collusive act which requires the participation of two willing partners. An agent … consequently has multiple equilibria. The economy can be in stable equilibrium with a high or low level of corruption.Starting from … the high-corruption equilibrium, a sufficient increase in vigilance triggers a negative cascade, leading the economy to a …

Theory is divided over the effects of corruption on economic growth. However, the growing consensus based on the … empirical literature is that corruption is associated with negative growth outcomes. This relationship is not necessarily linear …, and causality between corruption and economic growth can run in both directions. …

stable norms of behaviour. Domination of barter exchange, arrears, corruption and black market activities are examples of …

, corruption, and some other institutional traps. Implications for reform strategy are explored. The analysis shows that the …

are such institutions, as barter, non-payments, tax evasion, and corruption. A game-theoretic model of the barter trap is …