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The Anticompetitive Effect of Minority Share Acquisitions: Evidence from the Introduction of National Leniency Programs

American Economic Journal: Microeconomics, 2022
We address the growing concern that minority shareholding (MS) in rival firms may lessen competition, using the introduction of national leniency programs (LPs) as a shock that destabilizes collusive agreements. Based on data from 63 countries, we find a
Sven Heim   +3 more
semanticscholar   +1 more source

Medicaid Expansion Association With End‐Stage Liver Disease Mortality Depends on Leniency of Medicaid Hepatitis C Virus Coverage

Liver transplantation, 2021
The Affordable Care Act expanded Medicaid around the same time that direct‐acting antivirals became widely available for the treatment of hepatitis C virus (HCV).
Nabeel A. Wahid   +6 more
semanticscholar   +1 more source

Optimal Internal Control Regulation: Standards, Penalties, and Leniency in Enforcement

Journal of Accounting and Public Policy, 2020
To protect investors, regulators increasingly rely on regulating firms’ internal controls over financial reporting, but they punish noncompliance only if an internal control weakness enabled accounting manipulation.
Stefan F. Schantl, Alfred Wagenhofer
semanticscholar   +1 more source

The leniency of return policy and consumers’ repurchase intention in online retailing

Industrial management & data systems, 2019
PurposeThe purpose of this paper is to investigate the relationship between the repurchase intention of a customer and his/her perception of various aspects of an e-tailer’s product return process, such as leniency, fairness and quality of the return ...
Yacan Wang   +3 more
semanticscholar   +1 more source

How consumers value retailer's return policy leniency levers: An empirical investigation

Social Science Research Network, 2019
Due to the ongoing and dramatic growth in the volume of consumer returns, retailers continue to struggle with the trade‐off in returns service strategies between implementing stricter return policies to lower operational costs and environmental footprint
Huseyn Abdulla   +2 more
semanticscholar   +1 more source

Inflated Reputations: Uncertainty, Leniency, and Moral Wiggle Room in Trader Feedback Systems

Management Sciences, 2019
Feedback systems associated with Internet markets are known to be subject to strategic manipulation that can create distortions in the reputation information provided to traders. The experiment we present suggests that distortions can emerge from sources
Gary E. Bolton   +2 more
semanticscholar   +1 more source

Leniency for Lethal Ladies: Using the Actor–Partner Interdependence Model to Examine Gender-Based Sentencing Disparities

Homicide Studies, 2019
Research has shown that female offenders typically receive differential treatment in the criminal justice system in comparison to their male counterparts, even for extreme crimes like murder.
Emma E. Fridel
semanticscholar   +1 more source

The Effects of Global Leniency Programs on Margins and Mergers

The Rand Journal of Economics, 2017
In a cross-country study we look at the staggered passage of national leniency laws over 1990-2012. We show that these laws lead to more cartel convictions, and generally increase the costs of collusion by reducing the average gross margins of the ...
Ailin Dong, M. Massa, Alminas Zaldokas
semanticscholar   +1 more source

Do Discriminatory Leniency Policies Fight Hard‐Core Cartels?

Journal of Economics and Management Strategy, 2018
This paper experimentally analyzes the effects of nondiscriminatory and discriminatory leniency policies on hard‐core cartels. We design a mechanism to form a hard‐core cartel, which allows that multiple ringleaders emerge.
Georg Clemens, Holger A. Rau
semanticscholar   +1 more source

Cartel Prosecution and Leniency Programs: Corporate versus Individual Leniency

SSRN Electronic Journal, 2005
The paper explores the interdependencies between corporate and individual leniency programs. In a duopoly model where corporations are separated into representing owners and operating managers, conflicts between the two types of agents arise if the relative benefits of participating in the corresponding leniency programs differ.
openaire   +1 more source

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