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- W2341661543 abstract "This chapter 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" @default.
- W2341661543 created "2016-06-24" @default.
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- W2341661543 date "2015-09-25" @default.
- W2341661543 modified "2023-09-25" @default.
- W2341661543 title "Leniency Decision-Making from a Corporate Perspective: Complex Realities" @default.
- W2341661543 doi "https://doi.org/10.5040/9781474202398.ch-008" @default.
- W2341661543 hasPublicationYear "2015" @default.
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