The purpose of this paper is to analyze the statutory principles and guidelines used to create the first multi-year financial forecasts (MFF) of self-government units in 2011. This is the first year of new solution in selfgovernment (SG) units in Poland. The analysis of SG resolutions leads to a...

What factors predict firm creation in rural America? Policymakers asking this question face two obstacles. First, research on firm creation centers on high-tech, urban firms. Second, entrepreneurship research stretches across disciplines, often using econometric methods to identify the effect of...

We describe a new mechanism that induces accurate forecasts within an organization while reducing moral hazards and the stigma associated with negative opinions. It is based on the notion of identity escrow, whereby the identity of a forecaster is kept anonymous and only revealed when a number...

Demand forecasting has recently become a prime candidate for outsourcing. This research investigates how to design an information quality incentive (IQI) mechanism to manage the quality of demand forecasting in a multi-stage model where the company uses a forecaster's demand forecast to manage...

A principal acquires information about a shock and then discloses it to an agent. After the disclosure, the principal and agent each decide whether to take costly preparatory actions that yield mutual benefits but only when the shock strikes. The principal maximizes his expected payoff by ex...

I analyze damage from hurricane strikes on the United States since 1955. Using machine learning methods to select the most important drivers for damage, I show that large errors in a hurricane's predicted landfall location result in higher damage. This relationship holds across a wide range of...