Optimal Corporate Leniency Programs
Joseph E. Harrington Jr.
Johns Hopkins University - Department of Economics
The Journal of Industrial Economics, Vol. 56, Issue 2, pp. 215-246, June 2008
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, though it can be optimal to award amnesty even when the antitrust authority is very likely to win the case without insider testimony.
Number of Pages in PDF File: 32Accepted Paper Series
Date posted: July 14, 2008
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