theory voluntary self-regulation is not possible, if it reduces company profits. (2) New experimental evidence, on which this …This article discusses various arguments, which question the effectiveness of self-regulation as an instrument to … paper is focused, shows that effective self-regulation can only be expected if certain quasi-governmental institutions exist …

regulation measures -- disclosure and fines for unsuitable advice -- reduce commission payments and improve advice. None of the … regulation measures result in lower commissions and more suitable advice, however, and advice is equally biased in all treatments …

regulations, we aim to halve the size of the unregulated large option. Compared to the regulation-free baseline, sellers facing a …

A new paradigm is afoot in banking regulation - and it involves a turn toward the more speculative. Previous regulatory …-Frank”) departs from these past regimes, and proposes something new: call it “Regulation by Hypothetical.” Regulation by Hypothetical …. This Article discusses two prominent instances of regulation by hypothetical: stress tests, and living wills. It then …

We analyze the influence of rate regulation on insurance demand in an annuity setting. With a unique dataset containing … a natural experiment due to German federal regulation and the E.U. Gender Directive we study the impact of unisex … guarantees within the annuity in unisex contracts than without rate regulation. This behavior contradicts economic intuition. We …