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Reliability of Regulating Artificial Intelligence to Restrain Cartelization: A Libertarian Approach
Pedram, Matin - In: Asian Journal of Law and Economics 12 (2021) 2, pp. 149-169
Abstract Competition is building block of any successful economy, while a cartelized economy is against the common good of society. Nowadays, developing artificial intelligence (AI) and its plausibility to foster cartels persuade governments to revitalize their interference in the market and...
Persistent link: https://www.econbiz.de/10014585238
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Sticky Prices, Coordination and Enforcement
Driscoll, John C; Ito, Harumi - In: Topics in Macroeconomics 3 (2003) 1
by punishing deviators. This is formally equivalent to modeling agents as a cartel playing a punishment game. We show …
Persistent link: https://www.econbiz.de/10014588354
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Inefficiency of Collusion at English Auctions
Lopomo, Giuseppe; Marshall, Robert C.; Marx, Leslie M - In: The B.E. Journal of Theoretical Economics 5 (2005) 1
affect efficiency. In particular, any collusive mechanism that increases cartel members' expected payoffs relative to non …-cooperative play results in inefficiency either in the allocation among cartel members or in the allocation between cartel and non-cartel …
Persistent link: https://www.econbiz.de/10014589030
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Market Conduct in the U.S. Ready-to-Eat Cereal Industry
Reimer, Jeffrey J - In: Journal of Agricultural & Food Industrial Organization 2 (2004) 1
Product differentiation is well established as being the key source of the cereal industry’s high price-cost margins. However, there is little consensus as to whether pricing collusion is also a source of profitability, and indeed, whether price even serves as a strategic variable in this...
Persistent link: https://www.econbiz.de/10014601260
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Institutional will – the organized crime remedy
Mazur, Robert - In: Journal of Money Laundering Control 15 (2012) 2, pp. 162-174
Purpose – The objective of this article is to examine the criminal conduct of convicted bankers and institutions for the purpose of identifying any measurable factor that can determine the degree of risk an organization faces from the threat of organized crime. Design/methodology/approach –...
Persistent link: https://www.econbiz.de/10014886286
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Principal-Agent Analysis on How Legal Risks Affect Audit Fees and Quality
Giat, Yahel - In: International Journal of Strategic Decision Sciences (IJSDS) 9 (2018) 3, pp. 113-126
This article develops a principal-agent multi-period model that ties legal risks, auditing fees and internal accounting practices. The principal is the auditing firm and the agent is the client firm. The client firm can improve its credibility by improving its internal auditing practices, which...
Persistent link: https://www.econbiz.de/10012047545
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Science vs. Ideology: A Comment on Lynn Stout's New Thinking on "Shareholder Primacy"
Robé, Jean-Philippe - In: Accounting, Economics, and Law 2 (2012) 2
I have never met Lynn Stout. Of course, just like any person even remotely interested in corporate governance and US corporate law, I know her insightful writings. But I do not know her personally. I know for a fact, however, that Lynn Stout is a nice person. And an excessively nice person she...
Persistent link: https://www.econbiz.de/10014584886
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Limited Competition, Information Asymmetry, and Organizational Forms
Seog, S. Hun - In: Asia-Pacific Journal of Risk and Insurance 1 (2006) 2
The theory of information asymmetry has explained the coexistence of stock and mutual companies in the insurance market …. However, there is discrepancy between the theory and empirical findings. This paper proposes a simple theory to fill the gap … between the theory and empirical findings. Our approach is to modify the theory of information asymmetry by incorporating …
Persistent link: https://www.econbiz.de/10014585432
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Minimum Capital Adequacy Ratios for Banks. An Obstacle to Investment Finance of Poorly Capitalized Firms? / Eigenkapitalnormen für Banken. Ein Hindernis für die Investitionsfinanzi...
Vollmer, Uwe - In: Jahrbücher für Nationalökonomie und Statistik 221 (2001) 5-6, pp. 577-591
Summary Existing institutions of banking regulation force banks to meet minimum capital adequacy ratios. These regulations intend to guarantee the solvency of banks and to protect depositors against excessive risk-taking by bank-owners. By the same token, however, they may have consequences for...
Persistent link: https://www.econbiz.de/10014608856
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A third dimension to understanding voluntary disclosures
Ben Prince, John; Dwivedi, Neeraj - In: Journal of Business Strategy 34 (2013) 4, pp. 48-54
disclosures in corporate governance. Design/methodology/approach – The authors use the conceptual underpinnings of agency theory … key aspects of the agency theory. The authors' strive to apply this phenomenon while looking at the roles of the board and …
Persistent link: https://www.econbiz.de/10014847321