How to design audit mechanisms that harness the benefits of self-reporting for achieving compliance with regulatory … focus is on the compliance of emission levels with regulatory targets, going beyond existing results on truthfulness of … reporting. Confirming theoretical predictions, the experiment shows that in contrast to the random audit mechanism, the …

compliance costs and higher profit advantages they confer may lead to more regulation. Regulators may furthermore tighten …Do financial regulation advisors help their clients become more profitable? In this paper, we present a model where … financial service firms may add to their own compliance teams or hire outside compliance advisors. We derive the conditions …