G2TT
来源类型Discussion paper
规范类型论文
来源IDDP3464
DP3464 International Asset Allocation with Time-Varying Investment Opportunities
David Blake; Henry Allan Timmermann
发表日期2002-07-20
出版年2002
语种英语
摘要We provide a simple framework for analyzing how competition affects the choice of audit structures in an oligopolistic insurance industry. When the degree of competition increases, fraud increases but the response of the industry in terms of investment in audit quality follows a U-shaped pattern. Following increases in competition, the investment in audit quality will decrease if the industry is initially in a low competition regime while it will increase when the industry is in a high competition regime. We use these results to show that firms will benefit from forming a joint audit agency only when the degree of competition is intermediate and that cooperation might improve total welfare; we also analyze the effects of contract innovation on the performance of the industry.
主题Industrial Organization
关键词Oligopoly Insurance fraud Audit
URLhttps://cepr.org/publications/dp3464
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/532482
推荐引用方式
GB/T 7714
David Blake,Henry Allan Timmermann. DP3464 International Asset Allocation with Time-Varying Investment Opportunities. 2002.
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