From: Market disputes and government intervention: an explanatory framework of risk transformation
Governance structure | Role of government | Degree of pre-intervention | Risk transformation probability | Risk sharing |
---|---|---|---|---|
Integrated governance | Athlete | High | High | Co-shared |
Mixed governance | Athlete and referee | High | High | Co-shared |
Third-party governance | Referee or rule maker | Low | Low | Self-assumed |
Self-governance | Bystander | Low | Low | Self-assumed |