financial service firms may add to their own compliance teams or hire outside compliance advisors. We derive the conditions … under which a financial services firm will want to hire a compliance services company, and show how much money they should … compliance costs and higher profit advantages they confer may lead to more regulation. Regulators may furthermore tighten …

-based liability. In this paper, we study the determinants of compliance when in addition to standard economic incentives wrongdoers …

have no such obligation. Furthermore, for historical reasons, cable companies have better quality networks thanks to the … the quality of networks develop in the presence of asymmetric regulation and original quality differences? Based on a … to having a lower quality network than cable companies. Therefore, access obligation reduces the incentives of telecom …