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Lang, Matthias - 2018

Consider managers evaluating their employees\' performances. Should managers justify their subjective evaluations? Suppose a manager\'s evaluation is private information. Justifying her evaluation is costly but limits the principal\'s scope for distorting her evaluation of the employee. I show...

Persistent link: https://www.econbiz.de/10011932985

Optimal destabilization of cartels

von Auer, Ludwig; Pham, Tu Anh - 2019

of the fine that cartel members have to pay when they are detected. For testifying cartel members a leniency program is …

Persistent link: https://www.econbiz.de/10012140849

Risk Aversion, Prospect Theory, and Strategic Risk in Law Enforcement: Evidence From an Antitrust Experiment

Bigoni, Maria; Le Coq, Chloé; Fridolfsson, Sven-Olof; … - Economics Institute for Research (SIR), … - 2008

to risk dominance for one shot games) in determining the effects of leniency programs. Indeed, we show that the … effectiveness of leniency programs in deterring cartels is mostly due to the increased risk of a cartel member being cheated upon …

Persistent link: https://www.econbiz.de/10005651522

Optimal Contracts for Lenient Supervisors

Giebe, Thomas; Gürtler, Oliver - Volkswirtschaftliche Fakultät, … - 2008

overstated performance (leniency bias) may be the outcome of optimal contracts under informational asymmetries. …

Persistent link: https://www.econbiz.de/10005739701

On the rationale of leniency programs: a game-theoretical analysis

Blum, Ulrich; Steinat, Nicole; Veltins, Michael - In: European Journal of Law and Economics 25 (2008) 3, pp. 209-229

Persistent link: https://www.econbiz.de/10005705353

On Cheating and Whistle-Blowing

Berentsen, Aleksander; Brügger, Esther; Lörtscher, Simon - Institut für Volkswirtschaftslehre, …

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....

Persistent link: https://www.econbiz.de/10005627937

Fighting Corruption with Asymmetric Penalties and Leniency

Lambsdorff, Johann Graf; Nell, Mathias - Center for Globalization and Europeanization of the … - 2007

design of (criminal) sanctions and leniency programs to amplify these inherent risks, thereby destabilizing corrupt … arrangements. It is also shown that asymmetric penalties and (ex-ante) leniency do not necessarily interfere with the goal of …

Persistent link: https://www.econbiz.de/10005635365

Discretionary Behavior and Racial Bias in Issuing Traffic Tickets: Theory and Evidence

Anbarci, Nejat; Lee, Jungmin - Department of Economics, Florida International University - 2008

accumulation of speeding tickets at 10 m.p.h. over the speed limit to elicit officers' discretionary behavior and leniency … officers' leniency, we find that especially white and male officers are heavily engaged in discretionary behavior. We also find …

Persistent link: https://www.econbiz.de/10005636506

On Cheating and Whistleblowing

Berentsen, Aleksander; Brügger, Esther; Lörtscher, Simon - Wirtschaftswissenschaftliches Zentrum <Basel> - 2004

We study the role of whistleblowing in the following inspectiongame. Two agents who compete for a prize can either behave legallyor illegally. After the competition, a controller investigates the agents’behavior. This inspection game has a unique Bayesian equilibriumin mixed strategies. We...

Persistent link: https://www.econbiz.de/10005868295

The dynamics of leniency application and the knock-on effect of cartel enforcement

Zhou, Jun - 2016

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 …

Persistent link: https://www.econbiz.de/10011435719