Whistleblowers as regulatory intermediaries: Instrumental and reflexive considerations in decentralizing regulation

Whistleblowers.

T he term whistleblower comes from the phrase ‘‘blow the whistle’’, which refers to a whistle being blown by a policeman or a referee to indicate an activity that is illegal or a foul [1]. Recently, whistleblowers have disseminated valuable information to the community through new media outlets, such as WikiLeaks. In medicine, whistleblowers serve to shed light on side-effects of drugs and, occ...

Risk, Leverage, and Regulation of Financial Intermediaries

This paper presents a model on the leverage of …nancial intermediaries, where debt are held by risk averse agents and equity by the risk neutral. The paper shows that in an unregulated competitive market, …nancial intermediaries choose to be leveraged over the social best level. This is because the leverage of one intermediary imposes a negative externality upon others by reducing their pro…t m...

Interpersonal instrumental emotion regulation

• People regulate the emotions of others to achieve personal instrumental benefits. • People can make both friends and foes feel bad, if they expect to benefit from it. • Interpersonal regulation may depend on the perceived utility of others' emotions. a b s t r a c t a r t i c l e i n f o What motivates people to regulate the emotions of others? Prior research has shown that people are motivat...

Rethinking the Regulation of Securities Intermediaries

Hedonic and instrumental motives in anger regulation.

What motivates individuals to regulate their emotions? One answer, which has been highlighted in emotion-regulation research, is that individuals are motivated by short-term hedonic goals (e.g., the motivation to feel pleasure). Another answer, however, is that individuals are motivated by instrumental goals (e.g., the motivation to perform certain behaviors). We suggest that both answers have ...