<?xml version="1.0" encoding="utf-8"?>
<TEI xmlns="http://www.tei-c.org/ns/1.0" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:hal="http://hal.archives-ouvertes.fr/" xmlns:gml="http://www.opengis.net/gml/3.3/" xmlns:gmlce="http://www.opengis.net/gml/3.3/ce" version="1.1" xsi:schemaLocation="http://www.tei-c.org/ns/1.0 http://api.archives-ouvertes.fr/documents/aofr-sword.xsd">
  <teiHeader>
    <fileDesc>
      <titleStmt>
        <title>HAL TEI export of hal-03965532</title>
      </titleStmt>
      <publicationStmt>
        <distributor>CCSD</distributor>
        <availability status="restricted">
          <licence target="https://creativecommons.org/publicdomain/zero/1.0/">CC0 1.0 - Universal</licence>
        </availability>
        <date when="2026-05-17T02:33:02+02:00"/>
      </publicationStmt>
      <sourceDesc>
        <p part="N">HAL API Platform</p>
      </sourceDesc>
    </fileDesc>
  </teiHeader>
  <text>
    <body>
      <listBibl>
        <biblFull>
          <titleStmt>
            <title xml:lang="en">The extensive reach of the FCPA beyond American borders: Is a bad deal always better than a good trial?</title>
            <author role="aut">
              <persName>
                <forename type="first">Sophie</forename>
                <surname>Bienenstock</surname>
              </persName>
              <email type="md5">7731c46954107fc1ea842da27cb503b2</email>
              <email type="domain">gmail.com</email>
              <idno type="idhal" notation="string">sophie-bienenstock</idno>
              <idno type="idhal" notation="numeric">1098304</idno>
              <idno type="halauthorid" notation="string">1246273-1098304</idno>
              <idno type="IDREF">https://www.idref.fr/19522745X</idno>
              <idno type="ORCID">https://orcid.org/0000-0002-3746-0671</idno>
              <affiliation ref="#struct-7550"/>
              <affiliation ref="#struct-15080"/>
            </author>
            <author role="aut">
              <persName>
                <forename type="first">Pierre</forename>
                <surname>Kopp</surname>
              </persName>
              <email type="md5">747ccf548eaec86dda709f0f51474e62</email>
              <email type="domain">univ-paris1.fr</email>
              <idno type="idhal" notation="numeric">847514</idno>
              <idno type="halauthorid" notation="string">304658-847514</idno>
              <idno type="IDREF">https://www.idref.fr/030601479</idno>
              <affiliation ref="#struct-7550"/>
              <affiliation ref="#struct-15080"/>
            </author>
            <editor role="depositor">
              <persName>
                <forename>Sophie</forename>
                <surname>Bienenstock</surname>
              </persName>
              <email type="md5">f7328f3139a5a9143ba8f6355eef2009</email>
              <email type="domain">univ-paris1.fr</email>
            </editor>
          </titleStmt>
          <editionStmt>
            <edition n="v1" type="current">
              <date type="whenSubmitted">2023-01-31 13:58:20</date>
              <date type="whenModified">2024-04-30 12:02:05</date>
              <date type="whenReleased">2023-01-31 13:58:20</date>
              <date type="whenProduced">2023-05-24</date>
            </edition>
            <respStmt>
              <resp>contributor</resp>
              <name key="489352">
                <persName>
                  <forename>Sophie</forename>
                  <surname>Bienenstock</surname>
                </persName>
                <email type="md5">f7328f3139a5a9143ba8f6355eef2009</email>
                <email type="domain">univ-paris1.fr</email>
              </name>
            </respStmt>
          </editionStmt>
          <publicationStmt>
            <distributor>CCSD</distributor>
            <idno type="halId">hal-03965532</idno>
            <idno type="halUri">https://hal.science/hal-03965532</idno>
            <idno type="halBibtex">bienenstock:hal-03965532</idno>
            <idno type="halRefHtml">&lt;i&gt;Public Choice&lt;/i&gt;, 2023, 3-4</idno>
            <idno type="halRef">Public Choice, 2023, 3-4</idno>
            <availability status="restricted"/>
          </publicationStmt>
          <seriesStmt>
            <idno type="stamp" n="SHS">Sciences de l'Homme et de la Société</idno>
            <idno type="stamp" n="UNIV-PARIS1">Université Panthéon-Sorbonne - Paris I</idno>
            <idno type="stamp" n="CNRS">CNRS - Centre national de la recherche scientifique</idno>
            <idno type="stamp" n="CES" corresp="SHS">Centre d'Economie de la Sorbonne</idno>
          </seriesStmt>
          <notesStmt>
            <note type="audience" n="2">International</note>
            <note type="popular" n="0">No</note>
            <note type="peer" n="1">Yes</note>
          </notesStmt>
          <sourceDesc>
            <biblStruct>
              <analytic>
                <title xml:lang="en">The extensive reach of the FCPA beyond American borders: Is a bad deal always better than a good trial?</title>
                <author role="aut">
                  <persName>
                    <forename type="first">Sophie</forename>
                    <surname>Bienenstock</surname>
                  </persName>
                  <email type="md5">7731c46954107fc1ea842da27cb503b2</email>
                  <email type="domain">gmail.com</email>
                  <idno type="idhal" notation="string">sophie-bienenstock</idno>
                  <idno type="idhal" notation="numeric">1098304</idno>
                  <idno type="halauthorid" notation="string">1246273-1098304</idno>
                  <idno type="IDREF">https://www.idref.fr/19522745X</idno>
                  <idno type="ORCID">https://orcid.org/0000-0002-3746-0671</idno>
                  <affiliation ref="#struct-7550"/>
                  <affiliation ref="#struct-15080"/>
                </author>
                <author role="aut">
                  <persName>
                    <forename type="first">Pierre</forename>
                    <surname>Kopp</surname>
                  </persName>
                  <email type="md5">747ccf548eaec86dda709f0f51474e62</email>
                  <email type="domain">univ-paris1.fr</email>
                  <idno type="idhal" notation="numeric">847514</idno>
                  <idno type="halauthorid" notation="string">304658-847514</idno>
                  <idno type="IDREF">https://www.idref.fr/030601479</idno>
                  <affiliation ref="#struct-7550"/>
                  <affiliation ref="#struct-15080"/>
                </author>
              </analytic>
              <monogr>
                <idno type="halJournalId" status="VALID">18379</idno>
                <idno type="issn">0048-5829</idno>
                <idno type="eissn">1573-7101</idno>
                <title level="j">Public Choice</title>
                <imprint>
                  <publisher>Springer Verlag</publisher>
                  <biblScope unit="volume">3-4</biblScope>
                  <date type="datePub">2023-05-24</date>
                </imprint>
              </monogr>
              <ref type="publisher">https://www.springerprofessional.de/en/the-extensive-reach-of-the-fcpa-beyond-american-borders-is-a-bad/25402576</ref>
            </biblStruct>
          </sourceDesc>
          <profileDesc>
            <langUsage>
              <language ident="en">English</language>
            </langUsage>
            <textClass>
              <keywords scheme="author">
                <term xml:lang="en">fight against corruption</term>
                <term xml:lang="en">litigation costs.</term>
                <term xml:lang="en">economics of settlement</term>
                <term xml:lang="en">economics of litigation</term>
                <term xml:lang="en">international law</term>
                <term xml:lang="en">extraterritorial laws</term>
              </keywords>
              <classCode scheme="halDomain" n="qfin">Quantitative Finance [q-fin]</classCode>
              <classCode scheme="halTypology" n="ART">Journal articles</classCode>
              <classCode scheme="halOldTypology" n="ART">Journal articles</classCode>
              <classCode scheme="halTreeTypology" n="ART">Journal articles</classCode>
            </textClass>
            <abstract xml:lang="en">
              <p>The American Foreign Corrupt Practices Act (FCPA), which aims to fight cor- ruption of foreign officials, applies under some circumstances to foreign firms located outside the United States. Empirical evidence shows that when the Department of Justice (DOJ) or the Securities and Exchange Commission (SEC) opens a case for an alleged violation of the FCPA against a foreign firm, the latter systematically accepts to settle. We argue that the structure of the pretrial phase led by the prosecutor results in a settlement even when a trial would have led to a more favorable outcome for the defendant. We use a Contest Success Function à la Tullock that we modify to capture the specificities of the procedure under the FCPA. First, we consider the parties’ expenditures during the bargaining process (as opposed to the actual litiga- tion costs) determine the outcome of the trial. Second, we assume that the effect of the prosecuting authority’s expenditures on the probability of winning in case of trial is stronger than that of the defendant’s. We show that in this framework, the case is always settled out of court. Systematic settlement entails a social cost which consists in the total absence of case law regarding the extraterritorial effect of the FCPA.</p>
            </abstract>
          </profileDesc>
        </biblFull>
      </listBibl>
    </body>
    <back>
      <listOrg type="structures">
        <org type="institution" xml:id="struct-7550" status="VALID">
          <idno type="IdRef">027361802</idno>
          <idno type="ISNI">000000012173743X</idno>
          <idno type="ROR">https://ror.org/002t25c44</idno>
          <orgName>Université Paris 1 Panthéon-Sorbonne</orgName>
          <orgName type="acronym">UP1</orgName>
          <desc>
            <address>
              <addrLine>12 place du Panthéon, 75231 Paris Cedex 05</addrLine>
              <country key="FR"/>
            </address>
            <ref type="url">https://www.pantheonsorbonne.fr</ref>
          </desc>
        </org>
        <org type="laboratory" xml:id="struct-15080" status="VALID">
          <idno type="IdRef">116552077</idno>
          <idno type="RNSR">200612823S</idno>
          <idno type="ROR">https://ror.org/006shqv80</idno>
          <orgName>Centre d'économie de la Sorbonne</orgName>
          <orgName type="acronym">CES</orgName>
          <date type="start">2006-01-01</date>
          <desc>
            <address>
              <addrLine>Maison des Sciences Économiques - 106-112 Boulevard de l'Hôpital - 75647 Paris Cedex 13</addrLine>
              <country key="FR"/>
            </address>
            <ref type="url">https://centredeconomiesorbonne.cnrs.fr/</ref>
          </desc>
          <listRelation>
            <relation name="UMR8174" active="#struct-7550" type="direct"/>
            <relation name="UMR8174" active="#struct-441569" type="direct"/>
          </listRelation>
        </org>
        <org type="regroupinstitution" xml:id="struct-441569" status="VALID">
          <idno type="IdRef">02636817X</idno>
          <idno type="ISNI">0000000122597504</idno>
          <idno type="ROR">https://ror.org/02feahw73</idno>
          <orgName>Centre National de la Recherche Scientifique</orgName>
          <orgName type="acronym">CNRS</orgName>
          <date type="start">1939-10-19</date>
          <desc>
            <address>
              <country key="FR"/>
            </address>
            <ref type="url">https://www.cnrs.fr/</ref>
          </desc>
        </org>
      </listOrg>
    </back>
  </text>
</TEI>