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This paper characterizes the efficient sequential equilibrium when a government uses indirect control to exert its … to exert direct control by intervening with an endogenously determined intensity of force which is costly to both players …
Persistent link: https://www.econbiz.de/10012462907
We consider a game between a principal, an agent, and a monitor in which the principal would like to rely on messages by the monitor to target intervention against a misbehaving agent. The difficulty is that the agent can credibly threaten to retaliate against likely whistleblowers in the event...
Persistent link: https://www.econbiz.de/10012458351
of the model using sales complaint data for exclusive and independent insurance agents. We find that exclusive insurance … agents working for large branded firms are more likely to be the subject of a justified sales complaint, relative to …
Persistent link: https://www.econbiz.de/10012460054
Voters often dismantle constitutional checks and balances on the executive. If such checks and balances limit presidential abuses of power and rents, why do voters support their removal? We argue that by reducing politician rents, checks and balances also make it cheaper to bribe or influence...
Persistent link: https://www.econbiz.de/10012461364
sales. This paper offers a new method of evaluating the accuracy of these apportionment rules and the ownership distortions … example, the magnitude of property, employment and sales explains less than 22 percent of the variation in profits between …
Persistent link: https://www.econbiz.de/10012463464
demand, both of which generate sluggish responses of sales to shocks …
Persistent link: https://www.econbiz.de/10012456737
interest in music not generating revenue through individual track sales - unpaid consumption and deadweight loss - into … willingness to pay for the bundled offering. On the other hand, streaming may displace traditional individual track sales. Even if … they displace sales, streams may however still raise overall revenue if the streaming payment is large enough in relation …
Persistent link: https://www.econbiz.de/10012457016
illustrate this approach using search engine query data as predictors for consumer sentiment and gun sales …
Persistent link: https://www.econbiz.de/10012459094
findings from the regression results are that drug control spending reduces drug use. However, the results suggest for … marijuana users, the marginal cost of drug control exceeds the social benefits of drug control. This may not be the case for …
Persistent link: https://www.econbiz.de/10012471680
States, which have the primary legal role in regulating the prescribing and dispensing of prescription medications, have created Prescription Drug Monitoring Programs (PDMP) to try to reduce inappropriate prescribing, dispensing, and related harm. Research assessing whether these interventions...
Persistent link: https://www.econbiz.de/10012480600