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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP3464 |
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 |
URL | https://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. |
条目包含的文件 | 条目无相关文件。 |
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