Angelucci, Charles; Han, Martijn A. - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2012
This paper investigates the design of a leniency policy to fight corporate crime. We explicitly take into account the agency problem within the firm. We model this through a three-tier hierarchy: authority, shareholder, and manager. The manager may breach the law and report evidence to the...