DeMarzo, Peter M.; Fishman, Michael J.; Hagerty, Kathleen M. - In: Review of Economic Studies 72 (2005) 3, pp. 687-706
Self-regulation is a feature of a number of professions. For example, in the U.S. the government delegates aspects of financial market regulation to self-regulatory organizations (SROs) like the New York Stock Exchange and the National Association of Securities Dealers. We analyse one regulatory...
