'Transparency' is a term which many speculate. According to scholars, Transparency has three inter-related aims: first, to inform citizens in a simple and understandable way on the government’s decisions: second, to foster civil society participation and engagement; and, third, to monitor and...

A policy of deputization asks agents to monitor others without providing explicit incentives. It is often used to prevent dangerous activities. To calibrate whether and why it works, we study recent laws that deputized financial professionals to help fight elder financial abuse. We show...

Economic Reform 1991 is all about three major terms Liberalisation, Privatisation, and Globalisation where Liberalisation means making a country liberal and removing barriers from trade, Globalisation implies integrating the country with the global market, Privatisation reflects a kind of...

Privacy by design suggests seven principles to embed privacy into systems, but AI and data practice shows a “privacy paradox” in the behaviour of users. The ever-evolving AI capabilities outpace privacy policies and people require more insight into the possible use of their data to make...

This case study, intended as a teaching exercise, highlights the problems of contracting in a world of great uncertainty. Streetwatch is a startup company seeking financing, and the CEO has received two offers for investment, each with its own advantages and disadvantages. The case highlights...

On 16 July 2001 the Australian Government referred a range of legislation and associated regulations relating to spectrum management processes which are provided for under radiocommunications and other legislation, to the Commission for inquiry and report. The Commission was to focus on those...

Most listed firms have concentrated ownership structures. However this ownership type is problematic. A clinical analysis reveals that the corporate governance in these firms in terms of liability, voice and exit faces important design problems. Our analysis shows that the corporate governance...

The Foreign Corrupt Practices Act (FCPA) prohibits US firms from paying bribes to foreign public officials. We show that FCPA enforcement has no positive effect on the GDP per capita of the countries of these officials but, rather, increases their countries’ shadow economy. When public...