They shoot horses don't they...but what about their trainers?

Glenn Boyle ()

No 372300, Competition & Regulation Times from New Zealand Institute for the Study of Competition and Regulation

Abstract: Many economic transactions - particularly those involving 'experts' and 'clients' - are characterised by information differences between the parties. Such differences may encourage self-serving behaviour by the party with the information advantage, and thus are said to necessitate constraining rules and regulations. But as Glenn Boyle explains, most experts rely on repeat business - a dynamic incentive that can provide effective self-regulation

Date: 2008-03-01
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Persistent link: https://EconPapers.repec.org/RePEc:vuw:vuwcrt:372300

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