The United States is often considered to be the most speech-protective country in the world. Paradoxically, however, the features that have led to this reputation have created areas in which the United States is in fact less speech protective than other countries. The Supreme Court’s...

An economy is considered where a possibility to seek rents (a particular case of this activity is corruption) exists along with production. A producer is able to hide part of his output from both bribery and taxation. It is shown that the presence of a shadow sector has different effects in...

This study characterizes the corporate leniency policy that minimizes the frequency with which collusion occurs. Though it can be optimal to provide only partial leniency, plausible sufficient conditions are provided whereby the antitrust authority should waive all penalties for the first firm...