FDA criticized for dangerous leniency

EPA's PM2.5 program criticized.

Clinical Psychology Adversely Criticized

From visits to a number of clinics and other places where mental retardation or deficiency is receiving attention, from interviews with physicians and psychologists who are not working in the field, and from current journals and newspapers, criticisms have been gathered of clinical psychology in its present status. The adverse criticisms may be reduced to the following:?(1) Mental tests are bei...

Optimal Corporate Leniency Programs∗

This study characterizes the corporate leniency policy that minimizes the frequency with which collusion occurs. Though it can be optimal to provide only partial leniency, plausible sufficient conditions are provided whereby the antitrust authority should waive all penalties for the first firm to come forward. It is also shown that restrictions should be placed on when amnesty is awarded, thoug...

Effort reporting: government drops much-criticized paperwork.

Leniency Programs and Cartel Prosecution

We study the enforcement of competition policy against collusion under Leniency Programs, which give reduced ̄nes to ̄rms revealing information to the Antitrust Authority. Such programs give ̄rms an incentive to break collusion, but may also have a pro-collusive e®ect, since they decrease the expected cost of misbehaviour. We analyze the optimal policy under alternative rules and with homogeneo...