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In contrast to financial arbitrage, which causes prices of economically equivalent transactions to converge in the … direction of one price, regulatory arbitrage does not lead to such price convergence. In contrast, regulatory arbitrage tends to … financial arbitrage reduces or eliminates, this regulatory cost wedge will persist as long as the relevant regulatory cost …
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, Regulatory Arbitrage. It makes three main points. First, professional constraints on regulatory arbitrage are more valuable than … most effective tools to prevent regulatory arbitrage. Surprisingly, Fleischer understates this argument by failing to … engaging in regulatory arbitrage. Lastly, this comment takes issue with analogizing regulatory arbitrage to financial arbitrage …
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’s done. Regulatory gamesmanship typically relies on a planning technique known as regulatory arbitrage, which occurs when … comprehensive theory of regulatory arbitrage, identifying the conditions under which arbitrage takes place and the various legal …, business, professional, ethical, and political constraints on arbitrage. This theoretical framework reveals how regulatory …
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of arbitrage opportunities from this market while maintaining the market's diversity …
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We introduce a model in which a regulator employs mechanism design to embed her human capital beta signal(s) in a firm's capital structure, in order to enhance the value of her post career change indexed executive stock option contract with the firm. We prove that the agency cost of this...
Persistent link: https://www.econbiz.de/10013071277
Housing affordability in the United States is a perennial concern. We explore the role of information asymmetry and regulations on equilibrium outcomes in rental markets to show that while landlords price the cost of regulations into rent, they also invest in tenant screening to alleviate...
Persistent link: https://www.econbiz.de/10012935408
Over-the-counter (OTC) traders cannot pursue the two fundamental objectives of portfolio management, the identification of portfolio market risk and return and its diversification. The result of this major market shortcoming is a complex, systemically risky market disequilibrium. The tradable...
Persistent link: https://www.econbiz.de/10013019443