Evidence Dependence of Fine Reductions in Corporate Leniency Programs
Eberhard Feess () and
Markus Walzl
Journal of Institutional and Theoretical Economics (JITE), 2010, vol. 166, issue 4, 573-590
Abstract:
We analyze whether corporate leniency programs should grant full immunity to the first self-reporting firm regardless of the amount of evidence provided. We distinguish between two firms, one of them providing high and one only low evidence. We show that awarding full amnesty also to the low evidence provider is suboptimal. Distinguishing fines between the two firms leads to the same percentage of self-reporting and to a lower cartel frequency. For the high evidence provider, full amnesty can but does not have to be optimal.
JEL-codes: D62 D82 H50 K42 (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (5)
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