-42, 2006). We consider various markets for credence goods and briefly discuss evidence on the extent of fraud. We then review … the market structure and institutional environment (separation of diagnosis and treatment, liability, verifiability …

Consumers often have to rely on an expert's diagnosis to assess their needs. If the expert is also the seller of … an otherwise purely competitive model. This market failure results from the freedom of consumers to turn down an expert …. Our model also yields predictions on the diagnosis price that are in line with stylized facts …

The phenomenon of fraud and abuse remains relevant, as evidenced not only by studies published in this area, but also …

The purpose of this paper is to characterize the impact of fraud detection systems on the auditing procedure and the … claims through a costly audit (costly state verification). With fraud detection system insurers can depend their audit on the … signal of the system and auditing becomes more effective. This paper presents conditions under which insurance fraud and the …

corporate signals and securities fraud. The incentive to communicate using corporate signals has increased in recent years, a … federal securities laws aimed at better deterring fraud and making companies more transparent. The Article makes three major … design antifraud provisions under the securities laws in order to reduce total fraud, instead of simply rechanneling …

This paper examines whether fraud allegations affect firms' contracting with the government. Using a dataset of …

,000 unrelated firms across 40 countries. These firms have no direct economic ties with the U.S. fraud firm whether at the firm …, industry or country level. Yet, the stock price of unrelated firms decreases around the fraud events, particularly if the firms …