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The purpose of this paper is to formulate and study a game where there is a player who is involved for a long time interval and several small players who stay in the game for short time intervals. Examples of such games abound in practice. For example a Bank is a long-term player who stays in...
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mechanisms. To advance this goal, I propose to use regulatory decision-making processes as the unit of analysis and as a common … explanation of regulatory decision-making. Firstly, comparative law helps detect those institutions, sources of law or legal ideas … helps understand the decision costs regulators must face and provides a standard of reference to set forth concrete …
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