Financial Fraud: A Game of Cat and Mouse
This thesis models rational criminals and regulators with flawed incentives. In it we develop a rational model of crime and regulation that we use to show the SEC's current incentive structure is ineffective at preventing fraud. Under our model, criminals balance the monetary rewards of larger...
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| Language: | en |
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2010
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| Online Access: | http://hdl.handle.net/10012/5261 |