
doi: 10.2139/ssrn.235092
handle: 10419/155096
Leniency programs reduce sanctions for law violators that self-report. I focus on their ability to deter price-fixing cartels - and organized crime in general - by increasing incentives to "cheat" on partners. Moderate leniency programs that reduce/cancel sanctions for a spontaneously reporting party - as those normally implemented in reality - cannot affect cartels and other organized crime. Courageous leniency programs that reward spontaneously self-reporting parties may instead completely and costlessly deter them. When fines/rewards are pure transfers, optimal leniency programs maximize rewards for self-reporting. When financing rewards is costly, optimal leniency programs are restricted to the first reporting party and make this residual claimant for the fines paid by the others.
illegal trade, Rechtsökonomik, Korruption, ddc:330, K42, K21, corruption, organised crime, collusion, Kartell, cartel deterrence, Organisierte Kriminalität, law enforcement, antitrust, Self reporting, crime deterrence, Strafrecht, Theorie
illegal trade, Rechtsökonomik, Korruption, ddc:330, K42, K21, corruption, organised crime, collusion, Kartell, cartel deterrence, Organisierte Kriminalität, law enforcement, antitrust, Self reporting, crime deterrence, Strafrecht, Theorie
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