While much legal research has examined the problem of court delays and backlogs, the link between the prosecutor' s incentives to press charges and their subsequent effect on the congestion in the criminal justice system has remained largely overlooked. To understand the implications of such...

In the absence of antitrust regulations, rational profit-maximizing firms in an oligopoly may freely act in consort to reach a consensus and to maintain prices above the competitive level. However, in light of potential exposure to antitrust investigations and prospective heavy sanctions, firms...

This paper introduces a new motivation for information sharing in decentralized supply chains - as a mechanism to achieve truthful information sharing and to reduce signaling costs. We study a two-echelon supply chain with one manufacturer selling a homogeneous product to n price-setting...