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Financial Crime and Corruption by Samuel Vaknin
3. Efficient competition does not exist when a market
Financial Crime and Corruption by Samuel Vaknin
3. Efficient competition does not exist when a market
Chapter 42
37 words
Chapters
Chapter 1: Chapter 1
Chapter 2: 1997. The US Department of Justice brought another 30
Chapter 3: 1989. Both events have forever altered the patterns of the
Chapter 4: 1. Egregiously corrupt, high-profile, public figures,
Chapter 5: 2. All international aid, credits, and investments must
Chapter 6: 3. Corruption cannot be reduced only by punitive
Chapter 7: 4. Opportunities to be corrupt should be minimized
Chapter 8: 5. Corruption is a symptom of systemic institutional
Chapter 9: 6. Corruption is a symptom of an all-pervasive sense
Chapter 10: 1999. Its report remains classified but Stroev confirmed
Chapter 11: 1995. PwC did make a mild comment in the 1997 audit.
Chapter 12: introduction of best independent directors' practices".
Chapter 13: 1989. Six years later, their number shrank to 1,612 and it
Chapter 14: 2600. By 2002, it has increased elevenfold since 1995.
Chapter 15: 2001. Nine of every 10 hijacked ships are ultimately
Chapter 16: 4. NEVER expect ANY help from the Nigerian
Chapter 17: 5. NEVER rely on YOUR Government to bail you
Chapter 18: 1996. Iraqis are also being trained in Belarus to operate
Chapter 19: 1. Job security is a thing of the past. Itinerancy in various
Chapter 20: 2. Outsourcing and offshoring of back office (and, more
Chapter 21: 3. The populace in developed countries are addicted to
Chapter 22: 4. The other side of this dismal coin is workaholism - the
Chapter 23: 5. The depersonalization of manufacturing - the
Chapter 24: 6. Many former employees of mega-corporations abandon
Chapter 25: 7. Despite decades of advanced notice, globalization
Chapter 26: 8. The decline of the professional guilds on the one hand
Chapter 27: 9. The quality of one's work, and of services and products
Chapter 28: 10. Moral relativism is the mirror image of rampant
Chapter 29: 11. The disintegration of the educational systems of the
Chapter 30: 12. Irrational beliefs, pseudo-sciences, and the occult
Chapter 31: 1. That the fair "value" of a share is closely
Chapter 32: 2. That price movements are mostly random, though
Chapter 33: 3. That the fair value responds to new information
Chapter 34: introduction of a reciprocal visa regime between the two
Chapter 35: 1. Legal activities that are not reported to the tax
Chapter 36: 2. Illegal activities which, needless to say, are also
Chapter 37: 1. How to make sure that the expenditures match and
Chapter 38: 2. How to prevent the criminally corrupt activities
Chapter 39: introduction of free marketry are unemployment and
Chapter 40: 1. There should be no barriers to the entry of new
Chapter 41: 2. A larger scale of operation does introduce
Chapter 42: 3. Efficient competition does not exist when a market
Chapter 43: 4. A competitive price will be comprised of a
Chapter 44: 1. Blocking Statutes - which prohibit its legal entities
Chapter 45: 2. Clawback Provisions - which will enable the local
Chapter 46: 1. National laws should be applied to solve
Chapter 47: 2. Parties, regardless of origin, should be treated as
Chapter 48: 3. A minimum standard for national antitrust rules
Chapter 49: 4. The establishment of an international authority to
Chapter 50: 1. Agreements to fix prices (including export and
Chapter 51: 3. Market or customer allocation (division)
Chapter 52: 5. Collective action to enforce arrangements, e.g., by
Chapter 53: 6. Concerted refusal to sell to potential importers;
Chapter 54: 7. Collective denial of access to an arrangement, or
Chapter 55: introduction of new management techniques (example:
Chapter 56: 1. They attack the perceived source of frustration in
Chapter 57: 2. They seek to subsume the object of envy by
Chapter 58: 3. They resort to self-deprecation. They idealize the
Chapter 59: 4. They experience cognitive dissonance. These
Chapter 60: 5. They avoid the envied person and thus the
Chapter 61: 2. It is impossible for two players to improve the
Chapter 62: 3. Is not influenced by the introduction of irrelevant
Chapter 63: 4. Is symmetric (reversing the roles of the players
Chapter 64: 1. Crooks and other illegal operators. These take
Chapter 65: 2. Illegitimate operators include those treading the
Chapter 66: 3. The "not serious" operators. These are people too
Chapter 67: 4. The former kind of operators obviously has a
Chapter 68: 5. Speculators and middlemen are yet another
Chapter 69: 6. The last type of market impeders is well known
Chapter 70: 1995. But the phenomenon recurred in Kosovo.
Chapter 71: 1. What part of the NGO's budget is spent on salaries and
Chapter 72: 2. Which part of the budget is spent on furthering the aims
Chapter 73: 3. What portion of the NGOs resources is allocated to
Chapter 74: 4. What part of the budget is contributed by governments,
Chapter 75: 5. What do the alleged beneficiaries of the NGO's
Chapter 76: 6. How many of the NGO's operatives are in the field,
Chapter 77: 7. Does the NGO own or run commercial enterprises? If it
Chapter 78: 1. The process and rules of joining up (i.e., the
Chapter 79: 2. The application and membership procedures are
Chapter 80: 3. The system alters its membership requirements in
is controlled by less than 10 firms with big size differences. An oligopoly should be declared whenever 4 firms control more than 40% of the market and the biggest of them controls more than 12% of it.
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