Misselling (financial) products: The limits for internal compliance

C-Tier
Journal: Economics Letters
Year: 2010
Volume: 106
Issue: 1
Pages: 35-37

Score contribution per author:

1.005 = (α=2.01 / 1 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

A firm advises customers through an agent, such as a mortgage broker, who is incentivized through commissions and the threat of firing. We show that this implies an upper boundary for the feasible "standard of advice", up to which the standard increases with commissions.

Technical Details

RePEc Handle
repec:eee:ecolet:v:106:y:2010:i:1:p:35-37
Journal Field
General
Author Count
1
Added to Database
2026-01-25