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. The third studies the role of quality regulation and shows that systems competition may be a competition of laxity …
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In this article we apply and extend the model elaborated by Acemoglu and Verdier in their seminal paper (2000), to examine how the economy represented in their theoretical framework responds to an exogenous change in the agent's incentive. In particular, we focus on the consequences of a famous...
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. The third studies the role of quality regulation and shows that systems competition may be a competition of laxity …
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first time. It is fixed by proper capital adequacy regulation. The regulation raises the profit of the finance sector as a … whole, but individual financial intermediaries have incentive to circumvent the regulation …
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-frequency trading (HFT) and increased demands for more aggressive regulation. However, HFT has several empirically demonstrated benefits …
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