Dieser Artikel dokumentiert ein Interview zur Drogenpolitik. Erläutert werden die innen- und außenpolitischen Folgen der Prohibitionspolitik. Im Zentrum steht das Argument, dass Schwarzmärkte keinen Verbraucherschutz gewährleisten.

We analyze firms' competition to steer an advisor's recommendations through potentially non-linear incentives. Even when firms are symmetric, so that the overall size of compensation would not distort advice when incentives were linear, advice is biased when firms are allowed to make...

We show that financial advisors recommend more costly products to female clients, based on minutes from about 27,000 real-world advisory meetings and client portfolio data. Funds recommended to women have higher expense ratios controlling for risk, and women less often receive rebates on upfront...