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Leniency Theory and Complex Realities
| Content Provider | Semantic Scholar |
|---|---|
| Author | Stephan, Andreas Nikpay, Ali |
| Copyright Year | 2014 |
| Abstract | This paper seeks to assess the robustness of the assumptions made by much of the theoretical literature on leniency programs, giving a glimpse of the uncertainties and complexities that apply in practice. First, sanctions are hard to estimate and the decision to form a cartel is not generally made by the firm as a rational monolith. Second, empirical evidence from the EU suggests an over-reliance on leniency, with only a weak threat of detection through investigations alone. Most leniency reporting may be occurring where a cartel has already ceased to operate or is very likely to be caught. Finally, the decision to come forward is not one that is taken lightly by the firm; it is fraught with uncertainties and dangers, including the challenges of ensuring cooperation from employees. The paper concludes with three recommendations for the strengthening of leniency policies. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | https://www.uea.ac.uk/documents/107435/6748223/CCP+Working+Paper+14-8/a24f2530-d496-41ec-9dd5-3d115793d13f |
| Alternate Webpage(s) | http://competitionpolicy.ac.uk/documents/8158338/8235397/CCP+Policy+Brief+14-8.pdf/4c4e9e24-9c19-49ce-afb5-0aec622a1883 |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
