This paper argues that self-reporting schemes whereby citizens report their noncompliance with regulation can prevent corruption in administrations. In our model, entrepreneurs must comply with regulation before undertaking a risky activity. O cials verify compliance before granting permits, and may engage in either bribery or extortion. Without a self-reporting scheme, the government tolerates...

This Comment illustrates how government regulation, criminal justice, private legal actions, and market forces contribute to the security of online transactions. Further, it argues that government regulation aimed at the prevention of cybercrime should be the primary focus of the efforts to improve online security. Ultimately, the Comment argues that as more businesses more online, securing onl...

It is part of the badge of being a red-blooded American businessman to oppose government regulation of business and-as the ultimate anathema-to oppose government takeover, i.e., government operation of an enterprise that might otherwise be run by private business. Although the insurance industry has long been regulated on the state level, there seems little or no fear of takeover by state gover...

BACKGROUND In many countries, NMAs, along with other stakeholders, play a part in the regulation of physicians. The purpose of this paper is to compare and explain the level of involvement of NMAs in physician regulation in several developed countries, with a specific emphasis on Israel. METHODS The authors conducted a review of the literature on physician regulation, focusing on licensing an...

This article brought energy demands, energy supply and government regulation into a nonlinear dynamics system with the analysis of the relationship between the variables and their influence on energy resource. A simple estimation method for the various parameters involved in the model is given. The dynamics behavior of the system is analyzed by means of Lyapunov exponents and equilibrium points...

Why may government regulation be a useful complement to business self-regulation in the financial services industry, while largely unneeded or even detrimental for ecommerce? We develop a game-theoretic model wherein a government establishes a mandate for product quality without possessing effective enforcement abilities, and a firm chooses whether to ignore, comply with, or exceed the governme...

M any Middle-East countries, like Iran, have dynamic banking industries and have observed merger and acquisitions (M&A) waves. M&A waves are usually defined in the developed world context and some of their main drivers were identified as: market timing, environment's shocks, merger manias, government regulation and regulatory, and technological changes. It has been discussed that merger waves ...

This paper examines the association between government ownership and bank stability over 1997-2010 across a sample of 103 countries. With a continuous variable to proxy for government ownership, our system GMM estimates indicate that the association between government ownership and bank stability depends on a country’s economic development and regulatory quality. In developed, high income count...