Showing 1 - 10 of 5,727
This paper reports results from an experiment studying how fines, leniency programs and reward schemes for …: subjects use costly fines as (altruistic) punishments. Leniency further increases deterrence, but stabilizes surviving cartels …. With rewards, cartels are reported systematically and prices finally fall. If a ringleader is excluded from leniency …
Persistent link: https://www.econbiz.de/10004976790
This paper presents results from a laboratory experiment on the channels through which different law enforcement … to several other crimes sharing cartels' strategic features, including corruption and financial fraud. …
Persistent link: https://www.econbiz.de/10011084601
This paper presents results from a laboratory experiment studying the channels through which dierent law enforcement … several other forms of crimes that share cartels' strategic features, including corruption and nancial fraud. …
Persistent link: https://www.econbiz.de/10011277367
makes cartels that do form more stable: subjects use the possibility to report the cartel as an additional stick to control …
Persistent link: https://www.econbiz.de/10008531423
Antitrust authorities have set up leniency programs for cartel members that denounce their collusive agreements. These programs help prosecute participants and can thereby deter collusion. We compare the impact of reduced fines and positive rewards and argue that rewarding individuals, including...
Persistent link: https://www.econbiz.de/10010790029
The article makes a literature review on the theory of Leniency Programs for cartels prosecution. We focus on how these …
Persistent link: https://www.econbiz.de/10005009886
An experiment is conducted were subjects interact repeatedly to examine the effect of a particular leniency program on …
Persistent link: https://www.econbiz.de/10011257115
An experiment is conducted were subjects interact repeatedly to examine the effect of a particular leniency program on …
Persistent link: https://www.econbiz.de/10005137065
We develop a model wherein collusive firms' decisions to keep or to destroy the hard evidence is endogenous. Unlike previous literature, we assume that the administration of the cartel crucially depends on the existence of the hard evidence. Within this framework, we explore the impact of a...
Persistent link: https://www.econbiz.de/10011107404
, destabilizes cartels, reduces the probability that a cartel re-establishes, and reduces theaverage winning bid. In contrast, while … a leniency program has no additional effect on cartelformation or cartel recidivism, it makes cartels more stable and …
Persistent link: https://www.econbiz.de/10011257084