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paper we have accentuated the importance of quality regulation, which is a rather neglected field in the theory of … mechanism and Shleifer's yardstick Regulation. Unfortunately, in practical applications of these simple mechanisms the regulated … regulator must be extremely well-informed if he wants to apply this sort of regulation: except for the actual realizations of a …
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entry re-regulation context. In contrast to other entry deterrence models, we are able to investigate how product market …
Persistent link: https://www.econbiz.de/10011539115
entry re-regulation context. In contrast to other entry deterrence models, we are able to investigate how product market …
Persistent link: https://www.econbiz.de/10001712316
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We apply game theory to model how alternative mandatory audit firm rotation regimes can affect the strategic …
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We consider a dynamic model featuring two firms that test a regulator’s enforcement propensity through their misconduct and a regulator that disciplines them to build a reputation for strict enforcement. We show that when the regulator has full discretion over the enforcement criterion, peer...
Persistent link: https://www.econbiz.de/10013309976
more obliged to disclose forecasts by recent accounting regulation. This acknowledges the common proposition that forecasts …
Persistent link: https://www.econbiz.de/10014029329