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This paper presents a study intended to demonstrate how the Financial Market Authority (AMF) in France uses its regulatory and sanctioning powers with regard to brokers, listed companies and other actors (individuals) in the financial industry during the period 2006-2011. The AMF actions are...
Persistent link: https://www.econbiz.de/10010775229
trader fraud on European carbon allowances markets. This fraud occurred mainly between the end of 2008 and the beginning of … 2009. In this paper, we explore the financial mechanisms of the fraud and the impact on the market behaviour as well as the …
Persistent link: https://www.econbiz.de/10010603689
We survey recent developments in the economic analysis of insurance fraud. The paper first sets out the two main … approaches to insurance fraud that have been developped in the literature, namely the costly state verification and the costly … be deterministic or random, and it can be conditioned on fraud signals perceived by insurers. Under costly state …
Persistent link: https://www.econbiz.de/10010821286
We examine firm managers' incentives to commit fraud in a model where firms seek funding from investors and investors … can monitor firms at a cost in order to get more precise information about firm prospects. We show that fraud incentives … funded without committing fraud, whereas in bad times investors are more vigilant and it is harder to commit fraud …
Persistent link: https://www.econbiz.de/10005134707
Frauds can be explained not only in terms of individual willingness to cheat, but may also be driven by opportunities to behave dishonestly. The audit policy should therefore be different for different categories of agents. This paper focuses on the optimal audit policy when there are two...
Persistent link: https://www.econbiz.de/10005412503
and test them using an experiment on 200 university students. The findings suggest that societal communication supports …
Persistent link: https://www.econbiz.de/10009418533
hypotheses and test them using an experiment on a sample of 200 French University students. The findings suggest that societal …
Persistent link: https://www.econbiz.de/10009418534
We use skin conductance responses and self-reports of hedonic valence to study the emotional basis of cooperation and punishment in a social dilemma. Emotional reaction to free-riding incites individuals to apply sanctions when they are available. The application of sanctions activates a...
Persistent link: https://www.econbiz.de/10008876967
experiment, and also sets out to identify the general distribution pattern to be expected for unmanaged earnings. Normal …
Persistent link: https://www.econbiz.de/10009025288
We devise an experiment to explore the effect of different degrees of bargaining power on the design and the selection …
Persistent link: https://www.econbiz.de/10009220690