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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
of increased product market competition. Unlike most macroeconomic models of search, we endogenize the labor supply along …
Persistent link: https://www.econbiz.de/10009004178
. Two key elements were explored here: competition strategy of universities and students' attitudes towards the technologies. …
Persistent link: https://www.econbiz.de/10010820955
interval of values of the spillover parameter such that the relationship between competition and growth is an inverted-U-shape. …
Persistent link: https://www.econbiz.de/10010933868
is high, a single sender never discloses. Competition restores full disclosure only if some of the senders are … symmetric equilibria approach full disclosure as competition increases. …
Persistent link: https://www.econbiz.de/10009652974
This paper shows that dominant firms may wish to encourage competition in vertically-related markets. It shows that …
Persistent link: https://www.econbiz.de/10010535378
number of agents because competition reduces the agents' informational monopoly power. However, this environment also … tendency to choose more 'generous' (and more efficient) contract menus over time. We find that competition leads to a … substantially higher probability of trade, and that, overall, competition between agents generates the most efficient outcomes. …
Persistent link: https://www.econbiz.de/10009220690
secondary market where independent remanufacturers enter the competition. An environmental regulation imposing a minimum level … regulation. However, if an environmental regulation is to be implemented, collusion should be repressed since competition …
Persistent link: https://www.econbiz.de/10010605341