movelearn

Financial Crime and Corruption by Samuel Vaknin

29 by Samuel Vaknin, Vaknin, Samuel, 1961-, Rangelovska, Lidija

Chapter 42: 3. Efficient competition does not exist when a market

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

Chapter 42: 3. Efficient competition does not exist when a market

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.

37 words

PrevPrevious BookBack to Book Detail NextNext Chapter