Results 61 to 70 of about 1,223 (219)

Financial Climate‐Risk Measurement, Impact Funds, and Green Transitions

Journal of Accounting Research, EarlyView.
ABSTRACT Regulators are contemplating or mandating precise measurement of financial climate‐risk exposure to promote sustainable investments. We show that such mandates can be counterproductive in the presence of social funds that catalyze change by subsidizing the adoption of cleaner production technologies.
VOLKER LAUX, LUCAS MAHIEUX
wiley   +1 more source

Real Effects of Subjectivity in Measuring Fair Values

Journal of Accounting Research, EarlyView.
ABSTRACT This study examines how the subjectivity in measuring fair values of assets without readily observable market prices affects investment efficiency and shareholder value. When fair values are objective measures of asset value, they facilitate efficient investment decisions that align with shareholder interests.
VERENA BRAUN, ROBERT F. GÖX, FELIX P. NIGGEMANN, ULRICH SCHÄFER   +3 more
wiley   +1 more source

Noisy Stochastic Games [PDF]

This paper establishes existence of a stationary Markov perfect equilibrium in general stochastic games with noise—a component of the state that is nonatomically distributed and not directly affected by the previous period’s state and actions.
John Duggan
core  

Insights from the Presidential Addresses to the Agricultural Economics Society

Journal of Agricultural Economics, EarlyView.
ABSTRACT The Society's published presidential addresses have embraced a wide range of subject matter, reflecting a ‘road well travelled’ in agricultural economics. The areas covered include the development and use of data and statistics, lessons from history, sectoral analysis, land economics, international trade and international development.
David Blandford
wiley   +1 more source

Repurposing Agricultural Budgets With Multiple Objectives and Fiscal Constraints: A Multicriteria Decision‐Making Policy Tool Applied to Sub‐Saharan African Countries

Journal of Agricultural Economics, EarlyView.
ABSTRACT Repurposing agricultural public resources toward higher‐return incentives and investments can help transform agri‐food systems. This is important for low‐income countries, especially in sub‐Saharan Africa, where limited budgets restrict options for boosting agricultural spending.
Marco V. Sánchez, Martín Cicowiez, Lucia Battaglia, Valentina Pernechele   +3 more
wiley   +1 more source

Full Discretion is Inevitable

The RAND Journal of Economics, EarlyView.
ABSTRACT This article studies a dynamic project‐selection game between a Principal and an Agent with conflicting interests. Only the Agent knows what projects are feasible. In each period before a project is selected, the Principal imposes a restriction set. The Agent can select any feasible project within this set, thereby ending the game.
Wenhao Li
wiley   +1 more source

Perfect Public Equilibrium When Players Are Patient [PDF]

The limit set of perfect public equilibrium payoffs of a repeated game as the discount factor goes to one is characterized, with examples, even when the full-dimensionality condition fails.
Drew Fudenberg, David K. Levine, Satoru Takahashi   +2 more
core  

Preemptive Entry and Technology Diffusion: The Market for Drive‐In Theaters

The RAND Journal of Economics, EarlyView.
ABSTRACT This article studies entry preemption in new industries. We first test a key prediction of dynamic entry games: Entry preemption is most relevant in intermediate‐sized markets, where firms face highest uncertainty about future entry. Using US drive‐in theater market (1945–1957) data, we find robust evidence for this non‐monotonic relationship ...
Ricard Gil, Jean‐François Houde, Shilong Sun, Yuya Takahashi   +3 more
wiley   +1 more source

Finitely repeated games with semi-standard monitoring [PDF]

This paper studies finitely repeated games with semi-standard monitoring played in pure strategies. In these games, each player's action set is endowed with a partition, and the equivalence classes of the actions played are publicly observed.
Tristan Tomala, Pauline Contou-Carrère
core  

A Survey of the Archival Audit Literature Une revue de la littérature en matière d'audit fondée sur les données archivales

Contemporary Accounting Research, EarlyView.
ABSTRACT External audits enhance the credibility of financial statements and are a cornerstone of capital market integrity. However, the growing and complex auditing literature poses challenges for researchers. This survey synthesizes and critically evaluates archival audit research published in top accounting journals from 1995 to 2025, organizing ...
Clive Lennox, Chan Li, Yiqian Wang
wiley   +1 more source