Buccirossi, Paolo; Spagnolo, Giancarlo - Volkswirtschaftliche Fakultät, … - 2005
Forthcoming in the Journal of Public Economics. We study the consequences of leniency – reduced legal sanctions for …, manager-auditor collusion, or drug deals. It is 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 …