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firms and in the amount of funding they seek. The model can encompass collusion between clients and auditors, arising from … the joint provision of auditing and consulting services: deflecting collusion requires less ambitious standards. Finally …, banning the provision of consulting services by auditors eliminates collusion but may not be optimal in the presence of …
Persistent link: https://www.econbiz.de/10005765804
We address the problem of how to investigate whether economics, or politics, or both, matter in the explanation of public policy. The problem is first posed in a particular context by uncovering a political business cycle (using Canadian data for 130 years) and by taking up the challenge to make...
Persistent link: https://www.econbiz.de/10005181287
enforcement of environmental policy. In contrast to earlier results, it is not only footloose industries that display pollution …
Persistent link: https://www.econbiz.de/10011264743
Immigration control-related audits and their resulting sanctions are not solely determined by impartial enforcement of … congressional oversight, i.e., legislative involvement, determines the bureaucratic immigration enforcement process. We examine the … determinants of decisions made at each stage of regulatory enforcement for over 40,000 audits from 1990 to 2000. This includes an …
Persistent link: https://www.econbiz.de/10010544181
”). Thus, conflict is viewed as ultimately stemming from imperfect property-rights enforcement. When comparing autarky with …
Persistent link: https://www.econbiz.de/10005196293
demand for drugs) and enforcement policies (aimed at reducing the production and trafficking of drugs), and shows how the …
Persistent link: https://www.econbiz.de/10005405900
We develop a sovereign debt model with official and private creditors where default risk depends on both the level and the composition of liabilities. Higher exposure to official lenders improves incentives to repay but carries extra costs, such as reduced ex-post flexibility. The model implies...
Persistent link: https://www.econbiz.de/10010681218
I present the following proposal: information revealed during non-cartel investigations by competition law enforcement … proposed rule change could increase the efficiency and effectiveness of cartel enforcement, and open an additional front in the … typically cannot be directly used for a cartel case due to the underlying statutes and the legal and administrative procedures …
Persistent link: https://www.econbiz.de/10009147742
behavior, that takes the form of collusion or blackmail, on the part of members of a simple hierarchical structure. We focus on …-blowing, creates incentives for the uninformed colluding party to walk out of the side deal and report to the principal that collusion …
Persistent link: https://www.econbiz.de/10011277178
, when rescaling is feasible, private monitoring is more efficient than public monitoring subject to collusion because non …-monetary penalties are ineffective to deter collusion. …
Persistent link: https://www.econbiz.de/10011249563