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Behavioral economics

2014

University of Tennessee College of Law

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In Search Of Effective Ethics & Compliance Programs, Maurice Stucke Jul 2014

In Search Of Effective Ethics & Compliance Programs, Maurice Stucke

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The U.S. Sentencing Commission's Organizational Guidelines for over twenty years have offered firms a significant financial incentive to develop an ethical organizational culture. Nonetheless, corporate crime persists. Too many ethics programs remain ineffective.

As this Article explores, the Guidelines' current approach is not working. The evidence, including sentencing data over the past twenty years, reveals that few firms have effective ethics and compliance programs. Nor is there much hope that the Guidelines' incentive will induce companies, after the economic crisis, to become more ethical.

The problem is not attributable to three assumptions underlying the Guidelines. The empirical research, while still …


How Can Competition Agencies Use Behavioral Economics?, Maurice Stucke Jan 2014

How Can Competition Agencies Use Behavioral Economics?, Maurice Stucke

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No abstract provided.