It is well established that accounting based incentive schemes can induce managers to adapt their behavior to manipulate accounting metrics even if such behavior is not in the best interest of the firm. Using a parsimonious model, this paper establishes how common accounting based bonus schemes...

We quantify the extent to which lottery spending, play timing, game choice, and number selection vary with players' level of income, and how such variations affect their earnings and ticket retailers' revenues. While prior research has shown that poorer consumers spend a higher proportion of...

The Multi-function Polis (MFP) has created debate and divided opinions since it was first proposed by Japan’s Minister for International Trade and Industry in 1987. The announcement of its official demise by the South Australian Premier in August 1997 following the termination of federal...