We consider an oligopoly with a principal-agent relationship, in which a firm's marginal cost is decreasing in a manager's managerial effort and is subject to an additive uncertainty. Two types of firms operate: one displays symmetric information between the owner and the manager, another...

In the December 2002 issue of the American Economic Review, Mark Duggan and Steven D. Levitt published an article on corruption in professional sumo. In the present article, the authors update the study of Duggan and Levitt to take into account changes since January 2000. The authors find strong...

The design of concession period for build-operate-transfer (BOT) projects is crucial to financial viability and completion risk management. A systematic analysis shows that concession period design involves the design of concession period structure, the determination of the concession period...

In 2001, the Government asked the Commission to undertake a nine-month independent review of the Job Network. The Commission would look at the framework for delivering labour market assistance (the purchaser- provider model) and identify areas where the model could be improved. The Commission...