consumer fraud committed by its members, and the members’ incentives to bribe the SRO in exchange for a cover-up to avoid an … external punishment. In a corruption-free benchmark, SROs are effective in detecting, exposing and deterring fraud only if … more vigilance and lower fraud than no self-regulation at all. Copyright Springer Science+Business Media, LLC 2007 …

legality to illegality this way studying the more or less obvious differences between actual tax evasion and fraud …

Most insurance companies publish few data on the occurrence and detection of insurance fraud. This stands in contrast … about fraud detection can be an effective strategy to deter ambiguity-averse agents from reporting false insurance claims … committing to a fraud-detection strategy eliminates the ambiguity about auditing. Thus, strategic ambiguity can be an equilibrium …