Lee, Hyo Won; Choi, Yun Jeong - Economic Research Institute, College of Business and … - 2014
The corporate leniency program has played an important role in detecting cartels that damages consumer welfare and … regression. The estimation results show that the new leniency program increases the detection rate and decreases the formation … to the first applicants under the new leniency program provides some policy implication on the revision direction of the …