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Our brief was to research what policy options are available to ensure a reliable and transparent online gambling market …, and to establish whether a Code of Conduct for licensed gambling operators is an adequate measure to ensure the integrity …) gambling, and under-age gambling. [...] …
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Societies provide institutions that are costly to use, but able to enforce long-run relationships. We study the optimal decision problem of using self-governance for risk sharing or governance through enforcement provided by these institutions. Third-party enforcement is modelled as a costly...
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