Royalty reform and illegal reporting of harvest volumes under alternative penalty schemes

Firms' Compliance of Emissions Regulations under different Penalty Schemes

We present preliminary results of a series of laboratory experiments performed to test hypotheses on compliance behaviour of firms under different enforcement regimes in a program that caps aggregate emissions of a given pollutant. The enforcement design for the laboratory experiments considers inducing individual perfect compliance and also allow for violations, under both emissions standards ...

Financial Reporting and Auditing Under Alternative Damage Apportionment Rules

This article analyzes the impacts that three alternative damage apportionment rules have on an owner’s financial-reporting decision, an auditor’s audit-quality choice, and investors’ pricing decisions within the context of a perfectly competitive securities market and owner solvency constraints. The strategic interactions between the players’ strategies are analyzed within a setting where payof...

Public reporting needs reform!

L ike many of my colleagues, I support President Obama's call to demonstrate value as part of health care reform. One way to do that is through public reporting. The rationale is that public scrutiny of outcomes will motivate the health care " industry " to improve the " product " (outcomes), rather than accelerating value-less economic activity (process) that often benefi ts providers more tha...

Transfer programs under alternative insurance schemes and liquidity constraints

Opting for Real Death Penalty Reform