Contest Architecture with Public Disclosures

Contest architecture

A contest architecture specifies how the contestants are split among several subcontests whose winners compete against each other (while other players are eliminated). We compare the performance of such dynamic schemes to that of static winner-take-all contests from the point of view of a designer who maximizes either the expected total effort or the expected highest effort. For the case of a l...

Public mandates, market monitoring, and nonprofit financial disclosures

Public officials have recently sought increased regulation of financial disclosures from not-for-profit organizations as a means of improving accountability with the public. One objective of this study is to examine whether not-for-profit entities already subject to audit requirements submit financial reports in compliance with GAAP. Further, since the majority of not-for-profit organizations a...

Public Disclosures in the Presence of Suppliers and Competitors

Firms' reluctance at times to publicly disclose financial information is often attributed to concern that the information may be used against them by self-interested outside parties. These outside parties may interact with the firm in the horizontal realm (e.g., retail competitors) or in the vertical arena (e.g., wholesale suppliers). This paper is built on the premise that fully understanding ...

Reputation Without Repeated Interaction: A Role for Public Disclosures

Going Public: Diversity Disclosures by Large U.K. Law Firms