Self-Regulatory Organizations under the Shadow of Governmental Oversight: An Experimental Investigation

Silvester Van Koten and Andreas Ortmann

A chapter in Experiments in Organizational Economics, 2016, vol. 19, pp 85-104 from Emerald Group Publishing Limited

Abstract: Self-regulatory organizations (SROs) can be found in education, healthcare, and other not-for-profit sectors as well as in the accounting, financial, and legal professions. DeMarzo et al. (2005) show theoretically that SROs can create monopoly market power for their affiliated agents, but that governmental oversight, even if less efficient than oversight by the SRO, can largely offset such market power. We provide an experimental test of this conjecture. For carefully rationalized parameterizations and implementation details, we find that the predictions of DeMarzo et al. (2005) are borne out.

Keywords: Experimental economics; self-regulatory organizations; governmental oversight; C90; G18; G28; L44 (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.emerald.com/insight/content/doi/10.110 ... d&utm_campaign=repec (text/html)
https://www.emerald.com/insight/content/doi/10.110 ... 3-230620160000019003
https://www.emerald.com/insight/content/doi/10.110 ... d&utm_campaign=repec (application/pdf)

Related works:
Working Paper: Self-Regulatory Organizations Under the Shadow Of Governmental Oversight: An Experimental Investigation (2014)
Working Paper: Self-Regulatory Organizations under the Shadow of Governmental Oversight: An Experimental Investigation (2014)
Working Paper: Self-Regulatory Organizations under the Shadow of Governmental Oversight: An Experimental Investigation (2014)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eme:rexezz:s0193-230620160000019003

DOI: 10.1108/S0193-230620160000019003

Access Statistics for this chapter

More chapters in Research in Experimental Economics from Emerald Group Publishing Limited
Bibliographic data for series maintained by Emerald Support ().