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This paper provides a positive analysis of public provision of excludable public goods financed by uniform taxes or …-skewed distributions of preferences choose taxes, while a majority coalition of high and low preference individuals prefer fees when … preferences are sufficiently right-skewed. Public good provision under fees exceeds that under taxes in the latter case. …
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This study investigates whether the presence of rookie independent directors (rookie IDs) is associated with audit fees and finds a positive association. Moreover, the positive effect of rookie IDs on audit fees is accentuated for firms whose rookie IDs have no academic background, are appointed...
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This book develops John Rawls’s theory of justice by adding reality-based analyses. This is accomplished by answering the question of who makes rules and how, and by providing new answers to three of today’s most practical and critical issues. The question of who and how makes rules is...
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