TY  - JOUR
TI  - Should "What is Done by Night Appear by Day"? An Optimal Design of the Leniency Program to Investigate Collusion
T2  - Public Administration Issues
IS  - Public Administration Issues
KW  - leniency program
KW  - collusion
KW  - antitrust regulation
KW  - fines
KW  - asymmetric information
KW  - antimonopoly authority
AB  - Recent trends in the regulation of antitrust legislation have shown that it is necessary to review the policy on the method of cartel deterrence. First of all, it is connected with the strengthening of the world tendency to collusion at different markets, so new mechanisms are periodically introduced to keep up antitrust law in Russia. The article presents a game-theoretic model of strategic interaction of market participants in the conditions of information asymmetry, firms of collusion and an antimonopoly authority including. In various parameters of the leniency program, market conditions, actions of the antimonopoly authority participants of collusion make a decision about their strategy (to collude, to collude but to cooperate, or not to collude). This model shows that the methods of the antimonopoly authority can be justified if, it uses the factor of uncertainty and riskaverse by collusion participants to increase the incentives of participants not to collude.The model results made it possible to formulate recommendations on improving the design of leniency program in Russia. The following tasks, among others, are singled out as the tasks of first priority: the raise of the maximum penalty, progressive discount decrease to the second and every next collusion participant who confesses, as it is FAS of Russia that has had these powers since the beginning of 2016.
AU  - Gyuzel Yusupova
AU  - Evgeniy Nesterenko
UR  - https://vgmu.hse.ru/en/2016--3/191609726.html
PY  - 2016
SP  - 91-120
VL  -