Prior studies indicate that warranty reserves present two major aspects: a contingent liability and an information signal about growth prospects. In addition, managers use warranty accounting as a tool of earnings management to meet or beat earnings targets. In this paper, we hypothesize that...

We revisit the idea that robustness concerns can provide a foundation for simple mechanisms. Formally, we consider the robust implementation notion of continuous implementation (Oury and Tercieux, 2012), where continuity is with respect to players' hierarchy of beliefs. We define simplicity as...

We study a general social choice environment that has multiple agents, a finite set of alternatives, and independent and diffuse information. We show that for any Bayesian incentive compatible mechanism, there exists a deterministic mechanism that i) is Bayesian incentive compatible; ii) delivers...