Regulating commissions in markets with advice

The paper explores the implications of regulating commissions in markets with advice. It provides a review of recent contributions dealing with policies that mandate disclosure, impose caps on commissions, restrict the steepness of commissions, or require the deferral of commissions. •Survey of theo...

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Bibliographic Details
Published in:International journal of industrial organization 2015-11, Vol.43, p.137-141
Main Author: Inderst, Roman
Format: Article
Language:English
Subjects:
Advice
Commissions
Disclosure
Market structure
Regulatory agencies
Studies
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Summary:The paper explores the implications of regulating commissions in markets with advice. It provides a review of recent contributions dealing with policies that mandate disclosure, impose caps on commissions, restrict the steepness of commissions, or require the deferral of commissions. •Survey of theories of regulating commissions•Considered policies: cap, disclosure, steepness, and deferral.•Simplified formal framework
ISSN:0167-7187
1873-7986
DOI:10.1016/j.ijindorg.2015.05.005