Executive pay regulation is widely discussed as a measure to reduce financial mismanagement in corporations. We show that the professional team sports industry, the only industry with substantial experience in the regulation of compensation arrangements, provides valuable insights for the...

Based on historical data from 1980 to 2004 the paper analyzes the main drivers of mail demand and the impact of e-substitution by using time-series techniques. We find strong evidence for e-substitution. In the second part of the paper we provide forecasts for future mail volumes.