Modern tax administrations seek to optimize tax collections while minimizing administration costs and taxpayer compliance costs. Experience shows that voluntary compliance is best achieved through a system of self-assessment. Many tax administrations have introduced self-assessment principles in...

This paper explores the private- and public-sector responses to the crisis and some of the probable outcomes. Aside from improved supervision of individual institutions, greater emphasis needs to be put on financial regulations that reflect the systemic nature of financial risks and the role...

Nowadays, globalisation and business internalisation have led to an increased number of frauds in organisations worldwide. The most affected are the multinational corporations because of the geographical distance, different fiscal systems and local factors that consist in tremendous...

Leverage entails a unique set of risks, such as margin calls, which can force investors to liquidate securities at adverse prices. Modern Portfolio Theory (MPT) fails to account for these unique risks. Investors often use portfolio optimization with a leverage constraint to mitigate the risks of...

The aim of this paper is to propose an analytical framework to explore farmers’ vaccination decisions against endemic animal diseases. First, a theoretical model is developed to highlight how the characteristics of the vaccine influence the farmer’s vaccination decisions over time and the...

Risk management in agriculture has been implemented probably as long as agriculture exists. One of the factors why researchers and policymakers recently are more interested in farm risk management is the vulnerability farmers face towards extreme events (EWE) linked to climate change. This...

This study analyses numerically an animal disease insurance scheme and how it could be operationalized. We focus on animal producer’s incentives to choose an insurance policy and on the feasibility of the insurance system as a whole. We develop a simple simulation model where the producer...

This study used experimental data from West Lafayette, Indiana to examine the economic benefits of applying fungicide to corn. The average improvements in yield, gross revenue, and net return (gross revenue minus fungicide and application cost) were 4 bushels per acre, $19 per acre, and -$9 per...

Livestock Risk Protection Insurance (LRP) is a risk management tool available to cattle producers protecting against price declines. It can be used to establish a price floor much like a put option. The primary difference between put options and LRP is LRP can be purchased for as few as one...

The processes of economic globalization and liberalization of international trade cause an exposure of the agricultural producers activities to increasing risk, including that related to price volatility. This requires development and implementation of a wider range of risk management...