This paper analyzes the interaction between corporate taxes and corporate governance. We show that the characteristics of a taxation system impact the size of private benefits managers are able to extract. A higher tax rate increases the amount of income a manager would divert, while stronger tax enforcement reduces it and, in so doing, can raise the stock market value of a company in spite of ...

In this essay, Leonard Waks contributes to a reconceptualization of ‘‘fundamental educational change.’’ By distinguishing sharply between educational change at the organizational and the institutional levels, Waks shows that the mechanisms of change at these two levels are entirely different. He then establishes, by means of a conceptual argument, that fundamental educational change takes place...

Stop and go traffic that leads to oscillate traffic flow frequently is observed on congestion flow. Unexpected reasons such as lane – changing maneuvers, lower speeds of leader vehicle and moving bottleneck cause stop and go traffic and amplifying delay and environment impacts. Stop and go traffic exactly can’t be modeled by traffic models, and also car following models based on kinematic flow ...

Extracting open relational tuples that are mediated by nouns (instead of verbs) is important since titles and entity attributes are often expressed nominally. While appositives and possessives are easy to handle, a difficult and important class of nominal extractions requires interpreting compound noun phrases (e.g., “Google CEO Larry Page”). We substantially improve the quality of Open IE from...

A. The Limitations of the Innocence Projects ....... ...... 1145 B. Case Delays in Innocence Cases.....................1148 1. Darryl Burton: Exonerated from Missouri After Twenty-Four Years...................... 1149 2. Larry Souter: Exonerated from Michigan After Thirteen Years ........................ 1152 3. Paul Gregory House: Exonerated After Twenty-Two Years from Tennessee .................

For Larry Markus on the occasion of his 70 th birthday. ABSTRACT: We consider a model for the radially symmetric evolution (by accretion or dissolution) of the interface between a `pure' solid grain and a liquid solution of the same substance with diiusion both of material and heat. After analyzing the direct problem, we show existence of optimal controls .

Motivated by the limited available literature on the treatment of longitudinal binary and ordinal outcomes in a growth modeling framework, the goal of this entry is to provide an accessible and practical introduction of this topic for a criminological audience. The parameterization of categorical latent growth models is explained by integrating aspects of the more familiar conventional latent g...

the Environmental Kuznets Curve (EKC) hypothesis postulates an inverted U-shaped relationship between economic growth and many local environmental health indicators, while some economists argue that the relationship follows other patterns. By using an overlapping generations (OLG) model, we focus on technological effects, where the properties of the existing pollution abatement technologies cou...