We examine the impact of competition on firms' leniency towards their customers in a heavily regulated market, which is …

has three policy instruments at its disposal: its own effort, a fine for detected cartels, and a leniency program for …

We empirically investigate the determinants of self-reporting under the European corporate leniency program. Applying a …

The authors study the timing of leniency applications using a novel application of multi-spell discrete-time survival … 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 …

This paper investigates the design of a leniency policy to fight corporate crime. We explicitly take into account the …, monitors him, and possibly reports evidence to the authority. Finally, the authority designs a sanctioning/leniency policy that …

Leniency policies and rewards for whistleblowers are being introduced in ever more fields of law enforcement, though … fines, leniency programs, and reward schemes for whistleblowers on firms' decision to form cartels (cartel deterrence) and … investigations but without leniency have a deterrence effect (reduce the number of cartels formed) but also a pro-collusive effect …

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 when entering …