Mes: Marzo 2004

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Screen Level Bureaucracy: Databases as Public Records por LANDSBERGEN, David

The baseline model examines the reporting incentives of an external auditor who can independently verify the information each period. Even with auditing, credible disclosure is shown to be problematic. Various extensions to this baseline model are examined. In one extension, “liberal” (i.e., those prefering larger government expenditures) and “conservative” (those prefering smaller expenditures) regimes and...

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Securing Truth for Power: Informational Strategy and Regulatory Policy Making por COGLIANESE, Cary; ZECKHAUSER, Richard, PARSON, Edward

Whether regulating mutual funds or chemical manufacters, government’s policy decisions depend on information possessed by industry. Yet it is not in any industry’s interests to share information that will lead to costly regulations. So how do goverment regulators secure needed information from industry? Since information disclosed by any firm cannot be retrieved and can be...

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