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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
to play a less important role. -- Collusion ; Leniency ; Experiments ; Risk Aversion ; Availability Heuristic ; Strategic … 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 …
Persistent link: https://www.econbiz.de/10003666286
One fundamental assumption often made in the literature on unawareness is that risk preferences are invariant to changes of awareness. We study how exposure to unawareness affects choices under risk. Participants in our experiment choose repeatedly between varying sure outcomes and a lottery in...
Persistent link: https://www.econbiz.de/10011478981
One fundamental assumption often made in the literature on unawareness is that risk preferences are invariant to changes of awareness. We study how exposure to unawareness affects choices under risk. Participants in our experiment choose repeatedly between varying sure outcomes and a lottery in...
Persistent link: https://www.econbiz.de/10011764847
laboratory and field experiments. The most commonly used measurement instruments are: an investment task for allocations between …
Persistent link: https://www.econbiz.de/10014025528
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 … show that the introduction of the opportunity to blow the whistle decreases the collusion and bribe acceptance rate, and …
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 … show that the introduction of the opportunity to blow the whistle decreases the collusion and bribe acceptance rate, and …
Persistent link: https://www.econbiz.de/10011894106
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 … of application in separate markets in which a conspirator in the investigated market also engaged in collusion. The …
Persistent link: https://www.econbiz.de/10011435719
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
This paper analyzes the inner workings of cartels. To understand how sanctioning institutions prevent cartel formation we study their effect on firms' communication in a laboratory experiment. Using machine learning to organize the chat communication into topics, we find that firms are less...
Persistent link: https://www.econbiz.de/10013332300