We examine firm managers' incentives to commit fraud in a model where firms seek funding from investors and investors … can monitor firms at a cost in order to get more precise information about firm prospects. We show that fraud incentives … funded without committing fraud, whereas in bad times investors are more vigilant and it is harder to commit fraud …

experiment with four types of contracts (standard debt contract, outside equity, non-monotonic contract, full-subsidy contract …

for redistribution. In this experiment, we can control the information about the role of luck and effort. We find that …

laboratory experiment I examine how confessions work. I analyze whether the willingness to punish harmful failures depends on how …

experiment in which a committee decides sequentially on three independent bills. Selfish committee members would turn down all …