Previous literature on the effects of disclosing options backdating problems focused mainly on estimating the cumulative and aggregate losses. This paper takes a different approach and investigates the effect of regulatory intervention on companies accused of backdating stock options. An event...

The World Trade Center tragedy has changed the outlook for the economy. What should the nation's response be? The author analyzes the possibilities.

This paper tests a simple hypothesis: that given the occurrence of war between two countries, the country that is more egalitarian at the moment of military decision is likely to emerge the victor. First, we examine cases where comparative economic inequality can be measured directly, using the...