A principal must choose an agent to perform a task and faces a tradeoff in deciding when to hold a selection contest. Agents' types evolve and thus a later contest is more accurate. However, an agent's effort in the contest diminishes her task performance and the less time until the task, the...

Using data from U.S. corporate tax returns, we investigate the differential investment propensities of public and private firms. Tax return data uniquely provide rich detail on corporate investment reported under identical standards and is representative of the universe of U.S. corporations....

We develop a method for identifying public firms in tax records in order to compare the investments of public and private firms using a representative sample of all US corporations. Despite private firms being significantly smaller than public firms on average, in aggregate, they account for an...

If the duty to consult does not accompany the transfer of sovereign powers from Canadian provinces to local governments, then it will not be able to play its essential role of protecting Aboriginal rights and promoting reconciliation. Provincial governments have a duty to consult and accommodate...