This paper examines the problems of coordinating and controlling divisions of a large firm. Divisions are typically interdependent and the corporate headquarters plays an important role in coordinating such decisions as pricing, allocation of funds to the divisions, and determining the level of...

In this paper we evaluate the effectiveness of Coast Guard enforcement efforts in reducing oil spills. We consider how vessel owners’ behavior changes with increases in the probability of being monitored. We also study the effectiveness of the performance standards adopted by the Coast Guard...