Prokop, Jörg - In: Qualitative Research in Financial Markets 5 (2013) June, pp. 178-194
setting. In particular, it shows how monitoring and sanctioning mechanisms, reputational concerns, and competition may affect … hazard is more likely to occur depends on the degree of competition among the agents. While market concentration gives rise … to overworking, competition promotes underworking and overcharging. Due to regulatory differences, this effect is more …