I study the expenditures of the Comédie française from 1759 to 1793 and the company's debt from 1723 to 1793. Expenditures were well controlled and changes in venues account for their increase over time. The debt, however, was less controlled, because of the company's partnership structure and...

In markets with budget-constrained buyers, competitive equilibria need not be efficient in the utilitarian sense, or maximise the seller's revenue. We consider a setting with multiple divisible goods. Competitive equilibrium outcomes, and only those, are constrained utilitarian efficient, a...

We study optimal auctions in a symmetric private values setting, where bidders have signaling concerns: they care about winning the object and a receivers inference about their type. Signaling concerns arise in various economic situations such as takeover bidding, charity auctions, procurement...

This study delves into the financial strategies of Italian Serie A football clubs, focusing on the relationship between revenues obtained through the sale of players' tags and those from broadcasting and media rights. Using Resource Dependence Theory (RDT) as lens, this research aims to...

The paper explores the relationship between thediversification of bank activities and a set of bank performanceindicators by running multiple regression on panel data set of 22operating banks in Serbia in the time period spanning the last 15reporting years. We have found a positive influence of...

The lack of property rights in joint projects can cause hold-up problems, as expected fights over the proceeds make investing not worthwhile. We investigate theoretically and experimentally if the availability of different contractual sharing rules can solve the hold-up problem. As theory...

Previous research shows that refund bonuses are a simple and practical solution to the implementation problem of the all-or-nothing funding method used in crowdfunding. This paper shows in a framework with imperfect information that the offer of refund bonuses has no implications for the project...

A key accounting principle called revenue recognition controls how revenue is recognized, measured, and disclosed in financial statements. Assessing a company's financial performance, profitability, and ability to generate cash flow all depend on accurate revenue recognition. The concepts of...

This study examines the effect of oil revenue on unemployment in Nigeria over the period of 1970 and 2018. We examine the direct, indirect and distributional effects of oil revenue on unemployment using Autoregressive Distributed Lag (ARDL) and Quantile Regression (QR). The direct effect results...

Cost allocation is one of the important issues in cost accounting. How are the costs incurred allocated to cost objects, such as products, customer groups, activities, and divisions? Companies usually distinguish between operating departments and supporting departments. Operating department is a...

This paper presents an empirical model of sponsored search auctions in which advertisers are ranked by bid and ad quality. We introduce a new nonparametric estimator for the advertiser’s ad value and its distribution under the ‘incomplete information’ assumption. The ad value is...

The aims of this paper are twofold. It firstly identifies and discusses the extent to which public revenues from natural resources are adequately captured in existing cross-country revenue databases, before exploring the extent to which such data can be used to estimate countries' fiscal...

The literature on nonprofit growth contains a practical ambiguity regarding which types of revenues to cultivate as a start-up nonprofit. The revenue portfolio of a more established organization may be inappropriate (or unattainable) for a new one, but there may be perils in relying too long on...

Although millions of hectares of public land are transferred to private parties each year, often with unsatisfactory results, evidence on mechanisms to achieve better outcomes is scant. This paper analyzes the impact of a 2021 reform in Ukraine that -after earlier digitization efforts did not...

We investigate the disciplining role of analysts’ revenue forecasts on firms’ discretionary revenues. We analyze quarterly data and three-year window around the initiation of analysts’ revenue forecasts reported in IBES. Our study shows a decrease in the magnitude of discretionary revenues...