Economics and finance

Pages of interest

Related News

Link to:Professor Leahy's latest paper studies the economic effects of wishful thinkning
Apr 12, 2019
In a new paper entitled “ Wishful Thinking ” published by the National Bureau of Economic Research, co-authors Andrew[...]
Link to:Stephanie Leiser and Sarah Mills on perception versus reality in local government budgets
Apr 10, 2019
Local government officials’ assessments of their own fiscal health is often at odds with—and worse than—what their[...]
Link to:Refereeing the Referees: Wolfers featured on podcast about fairness in basketball
Apr 08, 2019
Just in time for the NCAA championship game concluding March Madness, a new podcast investigating the idea of fairness[...]
Link to:Stevenson summarizes the boom-bust cycle, likelihood of next recession
Mar 29, 2019
While the economy experiences one of the longest period of sustained growth, many Americans are already concerned about[...]
Link to:Michael Barr addresses faltering financial protection for consumers
Mar 22, 2019
Only 10 years out of the Great Recession in which hundreds of thousands of Americans lost their jobs, homes, and[...]

Videos

Related Past Events

Apr
15
Policy Talks @ the Ford School
*Stream* Gene Sperling provides unique perspective and insights on the intersection between the U.S. and global economy and the most pressing economic policy issues of the day.
2019 - 4:00 pm to 5:20 pm
Apr
08
The Summary is now required - entry will be trimmed after 120 characters
2019 - 11:30 am to 12:50 pm
Apr
04
Economic Development Seminar
The Summary is now required - entry will be trimmed after 120 characters
2019 - 4:00 pm to 5:30 pm
Apr
04
CFLP Blue Bag Lunches
Many statutes now permit bounties for whistleblowers who provide enforcement relevant information to the authorities. The growth in such bounties has been quite rapid in recent years generating substantial scholarly, policy and practical interest. However, much of the scholarship does not address a critical feature of corporate liability in the US – there is considerable uncertainty about both the scope and definition of wrongdoing. This talk examines the effects of this uncertainty on the desirable structure and incidence of bounty regimes. Some key findings are that the greater this uncertainty the harder it will be to gather information about wrongdoing both within a firm and more generally because individuals will likely be reluctant to share information that might be relevant to enforcement. This has numerous effects. First, as gathering and sharing of information becomes more difficult it will become harder to deter and prevent wrongdoing, which in part depends on gathering and sharing information. Second, weaker gathering and sharing of information within the firm will hamper the ability of employees to work together cohesively. This not only worsens firm performance (which has its own costs), but also is likely to increase wrongdoing because poor firm performance is a key predicator of corporate wrongdoing. The analysis thus counsels caution in extending whistleblower bounties to areas where the underlying law is uncertain, provides insights on how one might design a bounty system in light of this uncertainty (e.g., differentiating between internal and external whistleblowers, varying bounties by firm size), and lays out certain steps that might be taken to ameliorate some of the identified effects of uncertainty.
2019 - 12:00 pm to 1:00 pm
Mar
28
Economic Development Seminar
We present and explain the vertical organization of corruption in a traffic police agency.
2019 - 4:00 pm to 5:30 pm

Related Faculty/Staff

Photo of Heather Alemu
Business Intelligence Analyst
Email:
hamptonh@umich.edu
Location: 
Weill Hall
Phone: 
(734) 615-0421
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Joan and Sanford Weill Dean of Public Policy, Frank Murphy Collegiate Professor of Public Policy, Roy F. and Jean Humphrey Proffitt Professor of Law
Email:
msbarr@umich.edu
Location: 
Weill Hall
Phone: 
(734) 763-2258
Visiting Professor
Email:
celestca@umich.edu
Location: 
Weill Hall
Phone: 
(734) 615-6990
Edward M Gramlich Collegiate Professor of Public Policy, and Professor of Economics, College of Literature, Science, and the Arts
Email:
smcol@umich.edu
Location: 
Weill Hall
Phone: 
(734) 615-6832
image of paul courant
Harold T. Shapiro Collegiate Professor of Public Policy; Arthur F. Thurnau Professor; Professor of Public Policy; Professor of Economics; Professor of Information
Email:
pnc@umich.edu
Location: 
Weill Hall
Phone: 
(734) 763-2499
image of alan deardorff
John W. Sweetland Professor of International Economics; Professor of Public Policy
Email:
alandear@umich.edu
Location: 
Weill Hall
Phone: 
(734) 764-6817
Photo of John DiNardo
In memorium Professor of Public Policy
Email:
jdinardo@umich.edu
Location: 
Weill Hall
Phone: 
(734) 647-7843
Photo of Kathryn Dominguez
Professor of Public Policy; Professor of Economics
Email:
kathrynd@umich.edu
Location: 
Weill Hall
Phone: 
(734) 764-9498
Photo of Susan Dynarski
Professor of Public Policy; Professor of Education; Professor of Economics
Email:
dynarski@umich.edu
Location: 
Weill Hall
Phone: 
(734) 615-5113
Photo of Robert Hampshire
Associate Professor of Public Policy
Email:
hamp@umich.edu
Location: 
Weill Hall
Phone: 
(734) 615-6975
Photo of Jon Hanson
Lecturer in Statistics for Public Policy
Email:
jkhanson@umich.edu
Location: 
Weill Hall
Phone: 
(734) 615-1496
image of catherine hausman
Assistant Professor of Public Policy
Email:
chausman@umich.edu
Location: 
Weill Hall
Phone: 
(734) 615-6951
Assistant Professor of Public Policy; Assistant Professor of Economics
Email:
hausmanj@umich.edu
Location: 
Weill Hall
Phone: 
(734) 763-3479
Walter H. Annenberg Professor of Education Policy; Professor of Public Policy; Professor of Economics; Professor of Education
Email:
bajacob@umich.edu
Location: 
Weill Hall
Phone: 
(734) 615-6994
Photo of Valenta Kabo
Lecturer III
Email:
vhardima@umich.edu
Location: 
Weill Hall
Phone: 
(734) 615-6975
Lecturer in Public Policy
Email:
amkerner@umich.edu
Location: 
Weill Hall
Phone: 
(734) 764-9502
Gail Wilensky Professor of Applied Economics and Public Policy
Email:
aekowals@umich.edu
Photo of John Leahy
Allen Sinai Professor of Macroeconomics; Professor of Economics; Professor of Public Policy
Email:
jvleahy@umich.edu
Location: 
Weill Hall
Phone: 
(734) 615-6895
Stephanie Leiser
Lecturer in Public Policy
Email:
schmidts@umich.edu
Location: 
Weill Hall
Phone: 
(734) 615-3890
image of helen levy
Research Professor
Email:
hlevy@umich.edu
Location: 
Weill Hall
Phone: 
(734) 615-6951

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