<?xml version="1.0" encoding="UTF-8"?><xml><records><record><source-app name="Biblio" version="6.x">Drupal-Biblio</source-app><ref-type>13</ref-type><contributors><authors><author><style face="normal" font="default" size="100%">Nicolas Boccard</style></author><author><style face="normal" font="default" size="100%">Patrick Legros</style></author></authors></contributors><titles><title><style face="normal" font="default" size="100%">Audit Competition in Insurance Oligopolies</style></title></titles><keywords><keyword><style  face="normal" font="default" size="100%">contract</style></keyword><keyword><style  face="normal" font="default" size="100%">industrial organization</style></keyword></keywords><dates><year><style  face="normal" font="default" size="100%">2004</style></year></dates><urls><web-urls><url><style face="normal" font="default" size="100%"> http://www.cepr.org/pubs/new-dps/dplist.asp?dpno=3478.asp</style></url></web-urls></urls><number><style face="normal" font="default" size="100%">DP 3478</style></number><pub-location><style face="normal" font="default" size="100%">CEPR</style></pub-location><abstract><style face="normal" font="default" size="100%">We provide a simple framework for analyzing how competition a?ects the choice of audit structures in an oligopolistic insurance industry. When the degree of competition increases, fraud increases but the response of the industry in terms of investment in audit quality follows a ushaped pattern. Following increases in competition the investment in audit quality will decrease if the industry is initially in a low competition regime while it will increase when the industry is in a high competition regime. We use these results to show that firms will benefit from forming a joint audit agency only when the degree of competition is intermediate and that cooperation might improve total welfare we also analyze the e?ects of contract innovation on the performance of the industry.</style></abstract><notes><style face="normal" font="default" size="100%">&lt;a title=&quot;View Boccard Legros Audit Competition CEPR DP3478 on Scribd&quot; href=&quot;http://www.scribd.com/doc/13771327/Boccard-Legros-Audit-Competition-CEPR-DP3478&quot; style=&quot;margin: 12px auto 6px auto; font-family: Helvetica,Arial,Sans-serif; font-style: normal; font-variant: normal; font-weight: normal; font-size: 14px; line-height: normal; font-size-adjust: none; font-stretch: normal; -x-system-font: none; display: block; text-decoration: underline;&quot;&gt;Boccard Legros Audit Competition CEPR DP3478&lt;/a&gt; &lt;object codebase=&quot;http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=9,0,0,0&quot; id=&quot;doc_23572817285671&quot; name=&quot;doc_23572817285671&quot; classid=&quot;clsid:d27cdb6e-ae6d-11cf-96b8-444553540000&quot; align=&quot;middle&quot;	height=&quot;500&quot; width=&quot;100%&quot; &gt;		&lt;param name=&quot;movie&quot;	value=&quot;http://d.scribd.com/ScribdViewer.swf?document_id=13771327&amp;access_key=key-2e7j2oh8xxrtjecoklpv&amp;page=1&amp;version=1&amp;viewMode=&quot;&gt; 		&lt;param name=&quot;quality&quot; value=&quot;high&quot;&gt; 		&lt;param name=&quot;play&quot; value=&quot;true&quot;&gt;		&lt;param name=&quot;loop&quot; value=&quot;true&quot;&gt; 		&lt;param name=&quot;scale&quot; value=&quot;showall&quot;&gt;		&lt;param name=&quot;wmode&quot; value=&quot;opaque&quot;&gt; 		&lt;param name=&quot;devicefont&quot; value=&quot;false&quot;&gt;		&lt;param name=&quot;bgcolor&quot; value=&quot;#ffffff&quot;&gt; 		&lt;param name=&quot;menu&quot; value=&quot;true&quot;&gt;		&lt;param name=&quot;allowFullScreen&quot; value=&quot;true&quot;&gt; 		&lt;param name=&quot;allowScriptAccess&quot; value=&quot;always&quot;&gt; 		&lt;param name=&quot;salign&quot; value=&quot;&quot;&gt;    				&lt;embed src=&quot;http://d.scribd.com/ScribdViewer.swf?document_id=13771327&amp;access_key=key-2e7j2oh8xxrtjecoklpv&amp;page=1&amp;version=1&amp;viewMode=&quot; quality=&quot;high&quot; pluginspage=&quot;http://www.macromedia.com/go/getflashplayer&quot; play=&quot;true&quot; loop=&quot;true&quot; scale=&quot;showall&quot; wmode=&quot;opaque&quot; devicefont=&quot;false&quot; bgcolor=&quot;#ffffff&quot; name=&quot;doc_23572817285671_object&quot; menu=&quot;true&quot; allowfullscreen=&quot;true&quot; allowscriptaccess=&quot;always&quot; salign=&quot;&quot; type=&quot;application/x-shockwave-flash&quot; align=&quot;middle&quot;  height=&quot;500&quot; width=&quot;100%&quot;&gt;&lt;/embed&gt;			&lt;/object&gt;	&lt;div style=&quot;margin: 6px auto 3px auto; font-family: Helvetica,Arial,Sans-serif; font-style: normal; font-variant: normal; font-weight: normal; font-size: 12px; line-height: normal; font-size-adjust: none; font-stretch: normal; -x-system-font: none; display: block;&quot;&gt;    &lt;a href=&quot;http://www.scribd.com/upload&quot; style=&quot;text-decoration: underline;&quot;&gt;Publish at Scribd&lt;/a&gt; or &lt;a href=&quot;http://www.scribd.com/browse&quot; style=&quot;text-decoration: underline;&quot;&gt;explore&lt;/a&gt; others:            &lt;a href=&quot;http://www.scribd.com/browse/Academic-Work/Draft-Research&quot; style=&quot;text-decoration: underline;&quot;&gt;Draft Research&lt;/a&gt;              &lt;a href=&quot;http://www.scribd.com/browse/Academic-Work/&quot; style=&quot;text-decoration: underline;&quot;&gt;Academic Work&lt;/a&gt;                  &lt;a href=&quot;http://www.scribd.com/tag/2007&quot; style=&quot;text-decoration: underline;&quot;&gt;2007&lt;/a&gt;              &lt;a href=&quot;http://www.scribd.com/tag/world&quot; style=&quot;text-decoration: underline;&quot;&gt;world&lt;/a&gt;      	&lt;/div&gt;	</style></notes></record></records></xml>