This article seeks to: a) introduce new applications and models of incentives, c) introduce new theories of unwarranted wealth-transfers and Disruption Costs inherent in the use of Equity-based Incentives (EBIs)

This paper analyzes several issues: 1) the efficiency of the new US goodwill rules, particularly within the context of large corporate transactions - Statement no. 141, Accounting for Business Combinations, and Statement no. 142, Accounting for Goodwill and Intangible Assets - 2) the goodwill...

Securitization has become prevalent in many countries, and has substantial impact on government monetary policy and fiscal policy which have not yet been adequately analyzed in the existing literature. This article develops optimal conditions for efficient securitization, identifies constraints...

There has been substantial activity and discussion in the public and private sectors about corporate accountability and disclosure. Many corporate transactions and disclosure statements are processed by lawyers, accountants, bankers and the SEC, and yet these documents and transactions remain...

There has been substantial activity and discussion in the public and private sectors about corporate accountability and disclosure. Many corporate transactions and disclosure statements are processed by lawyers, accountants, bankers and the SEC, and yet these documents and transactions remain...

There has been substantial activity and discussion in the public and private sectors about corporate accountability and the quality of corporate disclosure. These issues have had substantial impact on many US companies, Japanese banks and European companies, particularly those that grew through...

This article: 1) develops new psychological theories and mathematical models that can explain many of the legal and economic problems that occurred in the US housing industry between 2000 and the present - such as the sub-prime loan problems, predatory lending, mortgage fraud, title defects,...

This article analyzes several problems and psychological issues pertaining to the enforcement and efficiency of the US Goodwill and Intangibles accounting regulations (SFAS #141R, Business Combinations, and SFAS #142, Accounting for Goodwill and Intangible Assets). These regulations are likely...

This article: a) critiques existing academic thought on economics of incentives and risk, b) analyzes the impact of Equity-Based Incentives (quot;EBIsquot;) and Employee Stock Options (quot;ESOsquot;) on risk and vice versa; c) introduces new theories of EBIs/ESOs; d) quantifies EBI/ESO dynamics