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Persistent link: https://www.econbiz.de/10012007968
Private damage claims against cartels may have negative effects on leniency: whereas whistleblowers obtain full … apply for leniency afterwards, and then potentially face private damages. We find that the implementation of private damage …
Persistent link: https://www.econbiz.de/10012021639
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/10012012419
An antitrust authority deters collusion using fines and a leniency program. It chooses the probability of an … detection. Firms thus trade-off higher profits against higher expected fines. If firms are sufficiently patient, leniency is …
Persistent link: https://www.econbiz.de/10011919342
corruption and tax compliance. We explore this through a formal leniency program. In our experiment, we nest collusive corruption … dynamic effect caused by the introduction and the removal of leniency. We find that in the presence of a leniency mechanism … mechanism does not induce negative effects, suggesting a positive spillover effect of leniency that persists even after the …
Persistent link: https://www.econbiz.de/10011861538
corruption and tax compliance. We explore this through a formal leniency program. In our experiment, we nest collusive corruption … dynamic effect caused by the introduction and the removal of leniency. We find that in the presence of a leniency mechanism … mechanism does not induce negative effects, suggesting a positive spillover effect of leniency that persists even after the …
Persistent link: https://www.econbiz.de/10011894106
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 that...
Persistent link: https://www.econbiz.de/10011930440
settlement amount, yet at the price of reduced deterrence for those wrongdoers who are actually fined. Under a leniency program … the rebate has no effect on the leniency applicant: she doesn't pay a fine that can be reduced. The overall effect of a …
Persistent link: https://www.econbiz.de/10012159842
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