Jump to ContentJump to Main Navigation
Overcoming the Saving SlumpHow to Increase the Effectiveness of Financial Education and Saving Programs$
Users without a subscription are not able to see the full content.

Annamaria Lusardi

Print publication date: 2009

Print ISBN-13: 9780226497099

Published to Chicago Scholarship Online: February 2013

DOI: 10.7208/chicago/9780226497105.001.0001

Show Summary Details
Page of

PRINTED FROM CHICAGO SCHOLARSHIP ONLINE (www.chicago.universitypressscholarship.com). (c) Copyright University of Chicago Press, 2017. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a monograph in CHSO for personal use (for details see http://www.chicago.universitypressscholarship.com/page/privacy-policy).date: 14 December 2017

The Trilateral Dilemma in Financial Regulation

The Trilateral Dilemma in Financial Regulation

Chapter:
(p.82) Chapter Three The Trilateral Dilemma in Financial Regulation
Source:
Overcoming the Saving Slump
Author(s):
Howell E. Jackson
Publisher:
University of Chicago Press
DOI:10.7208/chicago/9780226497105.003.0004

This chapter deals with a dozen examples of trilateral dilemmas in financial regulation, and elbaorates the legal aspects of financial education and advice. Trilateral dilemmas appear in multiple areas of the financial services industry and have generated a surprisingly diverse array of regulatory responses. Defenders of side payments typically assert a general defense, resting on the notion that competitive forces will ensure that the payments are offset in the total prices individuals pay for their financial services and then on more context-specific claims that these payments address some more subtle contracting problems. While blended pricing may in some contexts facilitate price comparison and market constraints on abuses, at other times, the blending of costs may complicate such comparison and insulate firms from market pressures. Finally, a few remarks on the implications of the analysis for consumer education are provided.

Keywords:   financial regulation, trilateral dilemmas, financial education, financial advice, financial services industry, consumer education, market

Chicago Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us.