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Between law and markets: is there a role for culture and ethics in financial regulation?

Abstract:

The limits of markets as mechanisms for constraining socially suboptimal behavior are well documented. Simultaneously, conventional approaches toward the law and regulation are often crude and ineffective mechanisms for containing the social costs of market failure. So where do we turn when both law and markets fail to live up to their social promise? Two possible answers are culture and ethics. In theory, both can help constrain socially undesirable behavior in the vacuum between law and mar...

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Publication status:
Published
Peer review status:
Peer reviewed

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Institution:
University of Oxford
Division:
Social Sciences Division
Department:
Law
Kershaw, D More by this author
Publisher:
Delaware Law School Publisher's website
Journal:
Delaware Journal of Corporate Law Journal website
Volume:
38
Issue:
1
Pages:
191-191
Publication date:
2013
ISSN:
0364-9490
Pubs id:
pubs:601137
URN:
uri:064ac9a9-12d3-4258-b78c-15d3de36c0a0
UUID:
uuid:064ac9a9-12d3-4258-b78c-15d3de36c0a0
Local pid:
pubs:601137

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