regulatory policy. Other people have strenuously objected to a uniform VSL, emphasizing that to reduce mortality risks, poor …

modules are mutually compatible. Here, we show that following the standard practice in mortality valuation and Ramsey … discounting, combined with using some of the latest temperature-related mortality damage functions, will cause the model to place …

Motivated by the observation that elderly liquidate their mutual fund holdings regularly, we examine whether mortality … high mortality rates would be associated with higher net fund inflows because aggregate withdrawals decline. Consistent … with our conjecture, we find that fund inflows are more positive during high mortality months, even after accounting for …

-book illiquidity to inflate the benchmark price. We find instances of closing price manipulation are associated with increases in end … 80% in the six-months following the manipulation. Our results demonstrate that both regulators and exchanges need to be …

We study firms' investment in internal control to reduce accounting manipulation. We first show the peer pressure for … manipulation: one manager manipulates more if he suspects reports of peer firms are more likely to be manipulated. As a result, one … firm's investment in internal control has a positive externality on peer firms. It reduces its own manager's manipulation …

practices” proscribed by the Act for futures markets, spoofing is distinct from, though related to, market manipulation, which …

is optimal not to impose any penalty.We also find that a larger penalty may induce more manipulation by a good … entrepreneur. This is because, although a larger penalty directly discourages manipulation for both good and bad types by … increasing the expected penalty cost, it also encourages upward manipulation by lowering the implicit financing cost upon a high …

finance. Specifically, our analysis focuses on two emerging market abuse risks by autonomous algorithms: market manipulation …