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We study the consequences of leniency - reduced legal sanctions for wrongdoers who spontaneously self-report to law … known that leniency helps deterring illegal relationships sustained by repeated interaction. Here we find that - when not … properly designed - leniency may simultaneously provide an effective governance mechanism for occasional sequential illegal …
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When Legislators introduce laws that award amnesties to 'low-rank' criminals co- operating with the justice, top criminals may bribe public officials to subvert the law. Legislators should anticipate this reaction and fight it back by introducing policies that bundle amnesties for low-rank...
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We study the timing of leniency applications using a novel application of multi-spell discrete-time survival analysis … investigation does not affect the rate by which conspirators apply for leniency in the market investigated, but increases the rate … revision of the Commission's leniency programme in 2002 increased the rate of pre-investigation applications. Our results shed …
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We study the role of whistleblowing in the following inspection game. Two agents who compete for a prize can either behave legally or illegally. After the competition, a controller investigates the agents’ behavior. This inspection game has a unique Bayesian equilibrium in mixed strategies. We...
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of the fine that cartel members have to pay when they are detected. For testifying cartel members a leniency program is …
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