Strictness of leniency programs and asymmetric punishment effect
نویسندگان
چکیده
منابع مشابه
Strictness of leniency programs and asymmetric punishment effect
We analyze the impact of leniency programs on the behavior of firms participating in illegal cartel agreements in a two-stage repeated game model. Our approach takes into account asymmetric punishment effect and allows to discuss the design of leniency programs in the setting with asymmetries. The main contribution of the paper is that we consider heterogeneous firms. This heterogeneity results...
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ژورنال
عنوان ژورنال: International Review of Economics
سال: 2011
ISSN: 1865-1704,1863-4613
DOI: 10.1007/s12232-011-0131-z