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Table 1 The relationship between government and market players (governance structure)

From: Market disputes and government intervention: an explanatory framework of risk transformation

Governance structureRole of governmentDegree of pre-interventionRisk transformation probabilityRisk sharing
Integrated governanceAthleteHighHighCo-shared
Mixed governanceAthlete and refereeHighHighCo-shared
Third-party governanceReferee or rule makerLowLowSelf-assumed
Self-governanceBystanderLowLowSelf-assumed